Comments by "Kim O\x27Brien" (@kimobrien.) on "How to Fix Social Security | 5 Minute Videos | PragerU" video.

That's correct Social Security was set up as a social wages insurance program not an investment portfolio.
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@mythicfolfi4652 Bosses would rather fund more wars for their foreign investments and get their hands on that social security money so they can gamble with the future.
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@aliciabell6688 And when the managers fail who bails them out?
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Wall Street crooks would like to get their hands on it instead.
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That is the result of capitalist greed.
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Sure they'd love to get you to put money into the stock market but if you are paid wages once you signed up to a plan like this your wages would still be subjected to inflation and than when another recession comes it would be stolen by Wall Street crooks just like pension plans durring the crisis of 2008. Social Security is really a pay as you go social wage insurance program for disabled and elderly workers.
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Its not exponential when you consider that the rate of profit must decline as machines replace labor. The whole idea here is to convince you that you can get something for nothing in the stock market.
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The problem is that money doesn't grow but only capital value does. The capitalist pages social wages that are just enough to pay your social expenses and keep you at work. Old age and disability for the wage earner is sentence of poverty without a Social Security pay as you go program.
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@Cymbaline713 Social Security is not a Ponzi investment scheme like central bank generated inflation but a social wages pay as you go program those who work pay for those who can't because of age or disability. Private pension plans go bankrupt when a crisis hits the stock market like 2008 then an inevitable bailout is required. Of course the bosses always get themselves bailed out while workers are told they need to accept pay cuts.
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@chrisconsorte7893 The key to understanding economics is that the workers labor produce surplus value. We produce on average more than it costs to sustain us. The bosses only want to pay us what we need to come back and work the next week. They want us working the longest hours at the lowest wages at the fastest pace. We live paycheck to paycheck. Social Security pays for when you can't work because of age or disability. It's your social wage or wage insurance. It doesn't go into a piggy bank and grow like magic either.
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The rate of profit with capitalism continues to go into decline.
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@ron88303 Unlike the too big too fail there is no reason to believe Social Security will go bankrupt. The real rate of profit declines as machines replace labor according to the bosses calculations. This is why they inflate the value of the currency and create a national debt with the central bank. Since about 1973 all the new productivity has gone to the bosses. Their system goes in and out of crisis as trade war becomes the order of the day for ruling classes in each nation seeking to win the battle of the world market. This why they destroyed the industrial capacity of the world with two world wars in the twentieth century. The workers must take control of production and distribution out of the hands of the greedy bosses.
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@ron88303 I'm being censored.
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Social Security isn't an investment fund with a pot of money at the end of the rainbow.
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@Middleground_Opinion That is the attitude that the bosses cultivate in the dog eat dog world of capitalism.
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@Middleground_Opinion The rich fix the system with the use of capitalist politicians to guarantee themselves profits and when the system goes into crisis the too big too fail are the ones to be bailed out..
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@Middleground_Opinion The capitalist can not be separated from their government and their world system of production and trade goes in and out of crisis. That is because in the fight for profits not all can be winners.
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@MatthewGrowden Its not your money to begin with it's just a paper receipt that can't be counterfeited or numbers locked up in a computer.
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