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"Freedom of speech is being able to tell someone else something they don't want to hear." "No matter what you say, someone is going to be offended." "Once you realize that politicians are not altruistic, and that they're in politics for themselves and their own personal gain, then everything makes sense." "No one is above the law." "Have you ever met a poor politician?"

GM Nostr!

Happy Tuesday!

Wait...what? I missed Monday?

Well double-happy day today then...

#coffechain

Oh man...did someone drop you on your head as a child or something? ๐Ÿ˜„

Ahhh...no. Bagels are wonderful, lox...no.

(Neither are anchovies on your pizza...)

And to not constantly compare yourself to others (and covet the blessings they've received).

Replying to Avatar Lyn Alden

The complicated aspect about the Social Security system in the United States is that it was falsely marketed.

It's called an "entitlement" because people pay into it and are supposed to get it back like a pension, regardless of whether they are rich or poor when they retire. And so the Baby Boomer generation views any cuts to their social security as a rugpull, basically. It's not insurance or charity; it's an entitlement.

However, although it was marketed as like an entitlement/pension, that's not how the math worked out in practice. And it's because population growth is slowing. It was based on ponzi math, assuming that every generation will be bigger than the one that came before it. But the Baby Boomer generation was huge.

In addition, when Social Security was created, the retirement age was set near the average life expectancy. Many people would not live long enough to collect it, and most would collect it for a handful of years. Only a small minority of outliers would work for like 40 years and then live off social security for like 20+ years. But then over the decades, life expectancy increased by like 15 years, so the default assumption is indeed that someone can work for 40 years and then have 20+ years of retirement, even though the amount they pay into it doesn't really mathematically cover that. It's not designed for that en masse.

And so Baby Boomers had like a 3.5 worker-to-retiree ratio to support in their peak earnings years, while Millennials will have more like a 2.5 worker-to-retiree ratio or less to deal with. Which means they get a worse deal. Many Millennials don't even think they'll get it at all, despite paying into it.

That breaks up the social contract and sets up inter-generational political conflict. "Fourth Turning" stuff.

It's a big reason why "defined benefit" plans are inherently unstable; they rely on being able to predict the future.

And it's also a big reason why, when speaking about deficits, nothing stops this train.

You've 100% missed the problem Lyn (sorry).

If the funds contributed to Social Security had been PROPERLY managed and invested, the system would work. It's simply actuarial math...and yes it should be adjusted periodically (again if it had been properly managed) but that's just part of the process. Any well-managed insurance plan does this every day.

Government is the problem, and government mismanagement is why Social Security is in trouble.

(Think of it this way - what if the Social Security funds were invested the same way Nancy Pelosi invested her own money...)

Suggesting a rug pull on ANYONE for ANY reason isn't right...it's selfish-- "I should be entitled to this, and this other person isn't"

Dishonest

GM Nostr!

Happy Sunday!

Is it just me, or does the coffee taste better on a Sunday?

#coffeechain

This has been the best portable laptop stand I've ever used--if you travel at all, this thing is amazing.

https://levit8.co.in/

Available on Amazon if you prefer...

GM Nostr!

Happy Saturday!

Spending time trying to figure out tire/rim backspacing, and what will fit...talk about a math lesson!

(If anyone is a tire expert, would love to pick your brain!)

Need some extra coffee for sure!

#coffeechain

#asknostr

LOL - he looks like a "buster" - good name for him!!

Agree - if nostr:npub1a00wj229auzjswlq4s77y4u8eqdx5k9ppatgl8rtv8va65f6mwksum9q3h truly wants to make a difference build it upon GrapheneOS (or at least make it an optional configuration).

Right now (at least for me) it's just an interesting piece of hardware with all the privacy flaws inherent with any other tablet...

Really pretty...

And I have to ask--what's the cat's name in your profile picture?

๐Ÿ˜ƒ