I think the intention of Social Security is to provide enough money for you to survive, but not neccesarily live comfortably, which matches how UBI’s are marketed. It’s possible with inflation it’s not even good enough for that, but I suspect if it actually caused major problems it would be fixed, since it’s a very popular program.
I don’t think solvency is a real problem for Social Security necessarily. For historical reasons we pretend that workers pay in and then get benefits and Social Security supports itself, but that’s not true and hasn’t been for a while, but the program is still popular. I expect that if Social Security’s surplus runs out, the funding from general taxes / printing money will increase to compensate.
Note that really the only argument I’ve heard against Social Security is that it’s too expensive, but that argument will have much less power if we’re living in a world of such extreme abundance that most people don’t need to work.
I think the intention of Social Security is to provide enough money for you to survive, but not neccesarily live comfortably, which matches how UBI’s are marketed. It’s possible with inflation it’s not even good enough for that, but I suspect if it actually caused major problems it would be fixed, since it’s a very popular program.
I don’t think solvency is a real problem for Social Security necessarily. For historical reasons we pretend that workers pay in and then get benefits and Social Security supports itself, but that’s not true and hasn’t been for a while, but the program is still popular. I expect that if Social Security’s surplus runs out, the funding from general taxes / printing money will increase to compensate.
Note that really the only argument I’ve heard against Social Security is that it’s too expensive, but that argument will have much less power if we’re living in a world of such extreme abundance that most people don’t need to work.