The billionaire argument is a red herring. The real challenge lies in reforming Social Security’s funding model to ensure sustainability without turning it into welfare.
Category: Social Security
The truth about where Social Security taxes go.
Social Security taxes are secure, with no misuse or theft reported. Government finances since 1936 rely on borrowing through debt securities, primarily Treasury bills and bonds, backed by trust funds.
Facts about Social Security- why the trust is being depleted
Social Security taxes aren’t a scam; they’re safeguarding retirement and benefits. Reserves until 2034 need adjustments, but current taxes offer solid protection.
Let’s get to basics – in case you believe some of the social media nonsense about Social Security…
The Social Security Administration (SSA) examines your highest 35 years of earnings to calculate your Average Indexed Monthly Earnings (AIME). Applying the 2026 formula, your Primary Insurance Amount (PIA) is determined using bend points and percentages of your AIME.
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