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user-inactivated · 3448 days ago · link · · parent · post: What do you think of a guaranteed Minimum Income?
That's a good way to think about it in terms of safety net vs. retirement savings. My main problem with social security is that as people age and there are fewer workers for each beneficiary taxes will have to be raised to sustain it and benefits will be delayed to a later age. Essentially we will be paying more and retiring later. This will not stop until people stop living longer or the birth rate in the US kicks back up. Neither are going to happen so we're stuck with it.