Social Security Is Just a Transfer Payment from Workers to Retirees

10/06/2026 Ryan McMaken

There is no “trust fund” or contract. Social security is nothing more than a scheme to take money from current wage earners and hand it over to others. It is functionally a welfare program.

Original article: https://mises.org/mises-wire/social-security-just-transfer-payment-workers-retirees

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