Best Clint Eastwood tweet ~

[genxlib]

34. Not my Understanding

I am not familiar with the specifics but I never thought there would be an opt out of the tax. After all, the vouchers still cost money so everybody still has to pay in like they always have been.

As I understand it, the only opt-out happens at 65 when you either take the voucher or stay in.

Which is really what makes it so insidious. We still have to continue paying in but our benefits or no longer guaranteed.

What you are describing seems to more accurately to descibe the privatizing Social Security where the current payee taxes would be diverted to private accounts. That would leave the system woefully underfunded to support current retirees.

In any event, even my more generous understanding of things is economically disastrous. If your version is really the case, it just makes it worse.