General Discussion
In reply to the discussion: The Social Security Trust Fund has not been 'looted'. [View all]HiPointDem
(20,729 posts)had nothing to do with the great depression, and have nothing to do with social security's problems today.
of course tax increases helped. but the tax increases during the period when SS dropped from a dependency ratio of 16:1 to 5:1 were not very large. From 1939 to 1956 the tax went from 1% to 2%, a doubling, but the dependency ratio , from 16:1 to 5:1.
http://www.ssa.gov/oact/progdata/taxRates.html
what mattered was increasing real wages that represented a share of increasing productivity which represented increased production of goods & services per worker. that was why taxes could be raised and workers still felt they were doing better: BECAUSE IN AGGREGATE, THEY WERE DOING BETTER. Their living standard was better, their elders were living better, and they had more spending cash. Because the economy was producing more goods and services, each worker was producing more goods & services, & workers were getting a rising share of that value.
Sorry, you *are* mouthing Republican talking points. That's a simple fact. And I've given you plenty of refutation.
You, on the other hand, have no real argument or explanation other than 'there aren't enough workers to support the old people!'
and your alternative would be, then....?
i presume to let people die, since if there aren't enough workers to support the elderly, there just aren't.