It is gov't run, but funded by the individual's own contributions. They are leaving that part out. My social security will be based on what I paid into the system. From MY earnings only. It's not like other people are contributing to the check amount I will be getting. Everyone is paying the system, yes, but the system is paying only what they are putting into in return.
Yup. And it’s still a government based “social” insurance program. We have no say in how the funds are manage. Yes you have to meet requirements to collect and the formula on what you receive is based on your contribution and when you .
Just because it’s not the same for everyone regardless of what they pay doesn’t takeaway from the fact that it’s a government controlled program, set up for the individuals safety.
It’s the argument that America isn’t a pure capitalist environment because of government regulations, progressive taxing and social safety nets. We aren’t a pure capitalist economy and social security isn’t a pure socialism plan.