Payroll Taxes Are the Achilles Heel of Social Security

  1. They-the managers of the monetary system-create a spreadsheet labelled “SS Trust Fund “ (or “General Fund,” or whatever). They mark down the numbers in workers’ paychecks, and mark the up numbers in that spreadsheet.
  2. They spend/create money (e. g., SS benefits), as required by law.

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Jim Kavanagh

Jim Kavanagh

Former college professor, native and denizen of New York City. Political and cultural analysis from a left-socialist perspective. Twitter: @ThePolemicist_