43
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 08 May 2024
43 points (100.0% liked)
New York Times gift articles
331 readers
131 users here now
Share your New York Times gift articles links here.
Rules:
- Only post New York Times gift article links.
Info:
- The NYT Open Team. (2021-06-23). “A New Way to Share New York Times Stories”. open.nytimes.com.
- “Gift Articles for New York Times Subscribers”. (n.d.). help.nytimes.com.
Tip:
- Google "unlocked_article_code" and limit search results to the past week.
- Mastodon: Use control-F or ⌘-F to search this page. (ref)
founded 9 months ago
MODERATORS
The virtue of the old employer-sponsored pensions is that they forced contributions. Letting people decide means that lower-income wages will fall so that people can't contribute.
Social Security wasn't ever meant to be enough; it was mean to be something minimal.
Social Security is forced contributions from employers and employees. It's the same thing, just on a national level. And the original intention doesn't matter. Social Security is changed all the time. Old people always need more money.
People like to claim this but no one ever attempts to prove it because it's right wing bullshit. It's one of the reason used to justify the reduced value of the payouts against inflation.
Look at what the payments were in say, 1950 — about 10% of the average yearly wage. That's not a retirement; that's a little bit to keep you going.