alt Hacker NewsCan you expand on what you mean? I may be ignorant but my understanding of the system is you would technically get more back percentage wise as a low wage worker? Of course this is not just some cost benefit analysis, that money means more if you make less while you are still paying in. This is not a comment on the system at large, just more specifically I want to understand what you are implying.
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Every young person in America is paying 6% (3% directly, 3% by their employer) of every pay check into a wealth redistribution program. Who receives the money from that program? Baby Boomers, who have an average wealth of $1.8 million, only ~$400k of which is in that house they don't feel pressure to down-size out of. The remaining ~$1.4 million is spread across a number of liquid-able assets that they could use to fund their lifestyle if they choose to [1].
It's funny that most politicians promise taxes on the wealthy to support social programs without mentioning that the overwhelming majoring of said programs involve forcing young people who don't own homes and aren't having families to give UBI to millionaires.
[1]: https://usafacts.org/articles/how-has-wealth-distribution-in...
The dollars you pay into social security today go to a recipient tomorrow. They are not invested in some pension fund.
That, and people who are old enough to collect social security are rich.
Combine those two facts.