If there is one thing that will get people worked up it’s talking about the real nature of Social Security.
Social Security is not an insurance product. It is pay as a society goes. Payroll taxes pay for people currently on Social Security. Then, one day the payers become payees. Or that’s how it’s supposed to work. But what happens when one generation (the baby boomers) is larger than the following generation?
And that’s just one of the giant problems that need to be confronted with Social Security.