“When social security was started, the average life expectancy was 65. So it worked pretty well as a pension plan because you died.”
When the SS bill was passed in 1935, the life expectancy for white men was only 60. For white women it was 62. Black folk were even less. The US government was counting on never paying any of that money out “on average”.
There are other glaring reasons the demographics don’t work for the ponzi scheme known as social security that Rand does not mention: abortion, illegal immigration and federal reserve note inflation.
Your email address will not be published. Required fields are marked *