Aug. 4 at 11:34 PM
$GLD $B $JNUG $GDX $SLV
Either increase the retirement age, increase taxes or print the money.
Now w/ the advancement of AI & perhaps fewer folks working do to it would make it difficult to raise taxes or increase the retirement age. Now that leaves only the printing of money which.
The largest cuts would be in California, Florida, Texas, New York, Pennsylvania. The average impact on SS benefits would be
$500 monthly decrease. Today, if your FRA is 67 and you claim at 62, your benefit is reduced by about 30%.
the "scary" takeaway isn't that Social Security will disappear in 2032 if nothing is done. The most pedestrian way to think of Social Security is missing roughly
$30 trillion dollars & 2032 is the optimistic time frame so likely by 2029ish
'It's All A Scam': Tommy Tuberville
https://www.youtube.com/watch?v=A8kYw7sFl2Y