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Letters: Social Security is a Ponzi scheme

Por: The Advocate Opinion December 14, 2023

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Regarding Catherine Rampell’s column about Social Security, she states that “a single man who earned the average wage every year of his adult life before retiring at age 65 paid roughly $470,000 in taxes into the Social Security and Medicare systems but can expect to receive benefits equal to $640,000 over the course of his retirement.” “In other words, the typical elderly American has not fully paid for their benefits.”First point:... + full article



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