How is it a "bailout" for the government to adjust the funding of a tax-funded program by adjusting the tax? By that definition, I'm being forced to bail out the military every time they spend tax money to buy a jet fighter.
You are thinking of Social Security as an investment program. It is not. The government is not forcing you to invest in a fund, it is taxing you to pay for other peoples' benefits. Eventually, it will tax other people to pay for your benefits.
The essential quality of fraud is intentional deception. You might not like being taxed for Social Security, but you are not being tricked, gulled, or conned into it.
It is a "bailout" because the government originally claimed that Social Security would be a self-sustaining investment system, as far as I understand it. But I'm not dead set on arguing for calling it a "bailout." It is what it is, the terminology here is not that important.
You are right---I am not being conned. Just forced. I will eventually go to a country that better allows me to pursue my values if I can find one.
>It is a "bailout" because the government originally claimed that Social Security would be a self-sustaining investment system, as far as I understand it.
Please do your research. The government claimed no such thing.
Social security was a government program. Funded by taxes. From the start.
Note, the first generation? yeah, the retired folks got social security benefits right away, even though they had paid in nothing. This very clearly made it not work as an investment.
I mean, it's perfectly reasonable to disagree with safety net programs.
But don't claim that our safety net programs are bad as investments when they are clearly not investments at all.
You are thinking of Social Security as an investment program. It is not. The government is not forcing you to invest in a fund, it is taxing you to pay for other peoples' benefits. Eventually, it will tax other people to pay for your benefits.
The essential quality of fraud is intentional deception. You might not like being taxed for Social Security, but you are not being tricked, gulled, or conned into it.