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AUTHOR: R Quinn on 12/28/2025
I admit it, I am addicted to social media. I read Threads, X, Facebook and even TruthSocial every day. It is a bad, frustrating and depressing habit.
There are those who say just ignore them, what is said does not matter in the real world. I wish that were true, but I think that widespread distribution of lies, and misinformation is very harmful to individuals and society. When I read an absolute falsehood about Social Security or Medicare and see hundreds of agreeing comments and thousands of likes, we have a problem in my opinion.
I’m not diving into the political world, but consider these current often repeated posts. I don’t know who or what generates them, or if misleading is intentional or extremely ignorant, but it’s there.
Did you know Social Security is a scam, only a Ponzi scheme or that Congress stole the trust fund money and never returned it. That the trust would be in fine shape if only ineligible people weren’t receiving benefits. Not true of course😱
Hey, there is no reason seniors should have to pay for Part B of Medicare. “They” give us a minimal COLA and “they” raise the Part B premium and take it back” – as if there is a calculated plot against seniors rather than the changes set by law reflecting increasing costs.😱
If you are 65 or older, you “paid your dues” and should not have to pay any taxes. If you are retired, you should not pay property taxes once your house is paid-based on the widespread myth you don’t home your home if there is a mortgage. No consideration is given to how schools and community services will be funded.
Economists point out that property taxes are used because they are stable and don’t fluctuate with economic conditions unlike income or sales taxes and can quickly be adjusted. Property taxes have funded schools since around 1840.
There are those who believe income taxes can be eliminated and the government entirely funded with tariffs. The inadequacy, instability and unfairness of that revenue was demonstrated over a hundred years ago.
The drumbeat against taxes does not reflect what our taxes provide. There seems to be no connection between our roads, national parks, airports, safety-security, etc, and taxes. The anti-tax movement or perhaps more accurate anti-tax me paying taxes movement is not healthy IMO.🥵
One subject that is over the top is healthcare and health in insurance. Millions of people seem convinced that premiums are high simply because the insurance companies are greedy and making excessive profits at their expense. The fact is premiums reflect the cost and use of healthcare. Insurer profits are limited by law and the profit margins are among the lowest in any industry – under 5%. The fact that growing income is driven by policy volume and not per policy premiums is ignored.
Or consider this post. “We pay into Medicare with every paycheck we receive during our lifetime. 40+ years of payments should guarantee us free healthcare at retirement.” The Medicare A trust is seriously underfunded and headed for insolvable. Must be the fault of “they.”🤑
It’s widely posted that Members of Congress have better/free healthcare than “the rest of us.” Actually, Congress must select a plan from a ACA exchange and pay a significant portion of the premium the same as all federal employees.
The examples go on and on and the ignorance and disregard for facts seems to be out of control. No wonder handling personal finances is a challenge for so many people. They use advice from social media. 🥵
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