How America Co-opted the Future of Generation X and Y and How We Can Fix It-An Examination of Social Security
Bernie Sanders was no fluke, his appeal to the youth of Generation Y and to some extent Gen Xers is marked by real evidence showing how their futures have been muted by financial decisions made by Congress. The President of the nation, theoretically, is elected by us, although recent elections have shown the arcane electoral vote, meant to secure the democracy when many voters were illiterate, has called this into question. It turns out the electoral college is just another version of the �old boys club�. This article examines the contract for Social Security which the United States has made with its working class and what that means for the future of your children and grandchildren, in other words, those whom will be paying the tab. Social Security Social Security Taxes Paid by your Grandparents versus Workers of Today Year 1940 1977 2017 Payroll tax rate is based on wage income and is split evenly between the employer and the employee 1% capped at $3,000; Medicare did...