this post was submitted on 11 Apr 2024
476 points (96.5% liked)

Memes

45741 readers
746 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] -2 points 7 months ago

Yes, the taxation is regressive, but the benefits are progressive. E.g.,

According to the non-partisan Congressional Budget Office, for people in the bottom fifth of the earnings distribution, the ratio of benefits to taxes is almost three times as high as it is for those in the top fifth.

( https://en.m.wikipedia.org/wiki/Social_Security_(United_States) )

It's certainly not a perfect system, but personally I think it has some merit. And it's by far not the worst aspect of USA tax structure (in my opinion).