- May 3, 2024
- Posted by: legaleseblogger
- Category: Related News
Try Free Now: Legalese tool without registration
## Can we sue the government over social security?
Since individuals are required to contribute to social security through taxes, there is concern that the system may not have enough funds when it is time for us to benefit from it. This begs the question, can we take legal action against the government for failing to uphold their end of the bargain? Is it possible to sue them for essentially running a large-scale fraudulent scheme similar to Bernie Madoff’s Ponzi scheme?
A recent TikTok video shed light on this issue, with a senator discussing the potential risks associated with social security. This has sparked further debate about the legality of holding the government accountable if they are unable to fulfill their obligations to us, the taxpayers.
In such a scenario, individuals may feel compelled to pursue a class action lawsuit against the government. While it is true that the government has vast legal resources at its disposal, the idea of banding together in a collective effort to seek justice is not entirely far-fetched. The success of such a legal battle would depend on finding competent and committed lawyers who are willing to take on the challenge, even if the odds of being compensated may be slim.
## How AI Legalese Decoder Can Help
In this complex legal landscape, navigating the intricacies of filing a lawsuit against the government can be daunting. This is where AI Legalese Decoder comes in to simplify the process and ensure that your case is presented in the most effective manner possible. With the ability to decode legal jargon and provide actionable insights, AI Legalese Decoder can help individuals understand their rights and explore the possibility of seeking recourse for potential injustices related to social security. By leveraging this innovative tool, individuals can gain a better understanding of their legal options and make informed decisions about pursuing legal action against the government.
Try Free Now: Legalese tool without registration
AI Legalese Decoder: The Ultimate Solution for Understanding Complex Legal Documents
Introduction
Legal documents can be notoriously difficult to understand, with complex language and terminology that can be confusing for the average person. This can be especially challenging for individuals who are not well-versed in legal concepts, making it difficult to make informed decisions or understand their rights and responsibilities.
How AI Legalese Decoder Can Help
AI Legalese Decoder is a cutting-edge technology that is designed to simplify and demystify complex legal documents. By using advanced artificial intelligence algorithms, this tool can analyze and translate legal language into plain, simple terms that are easy for anyone to understand.
Benefits of Using AI Legalese Decoder
One of the key advantages of using AI Legalese Decoder is that it can save individuals time and effort by instantly decoding legal documents. Instead of spending hours trying to decipher complicated language, users can simply input the document into the tool and receive a clear, concise translation in moments.
Furthermore, AI Legalese Decoder can help individuals make more informed decisions by providing them with a better understanding of their legal rights and obligations. This can be especially helpful in situations where individuals need to sign important contracts or agreements, ensuring that they fully understand the terms and implications.
Overall, AI Legalese Decoder is a valuable tool that can empower individuals to navigate the complex world of legal documents with confidence and clarity. By leveraging the power of artificial intelligence, this tool can provide users with a valuable resource for understanding and interpreting legal language in a simplified and accessible manner.
****** just grabbed a
“I saw a Tik Tok…” 🤔
It’s like taxes. Once that money leaves your check, it’s no longer yours, and you have no control what it’s used for. Ssi is also not a 401k, so the money taken out of your check won’t go into an account specifically for you. And just like taxes, you can’t sue over what’s not yours.
You don’t “pay into” social security
[https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html](https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html)
If you don’t want to read that very long, dry government report in the link above (which everyone who is working or collecting social security should read and comprehend) here is the summary: in about ten years the social security reserves will be depleted.
For many years more was collected in tax than was paid to recipients, with the extra theoretically set aside in a “trust fund”. In practice the overage was loaned out as federal bonds to other government agencies and then paid back into the “trust fund” with a pittance of interest.
What happens to payouts to beneficiaries when those reserves are depleted? Federal law is very clear: the social security program is not allowed to run negative. So, if Congress does absolutely nothing, then recipients take an immediate haircut on their monthly checks. It’s just math.
There have been estimates of how much those checks will be reduced based on future economic conditions and the cost of living increases due to inflation, when workers decide to retire and start drawing, birth/death rates, labor participation, etc. Most models put the reduction at 20-25% of what is paid out.
What could Congress do? Well, there are some tough decisions and from a re-election standpoint none of them are good which is politicians keep kicking this can down the road.
The tax rate on all workers could be increased. Screw the working class!
The age at which one can start drawing could be increased. Screw the elderly!
Annual COLA increases could be reduced. Screw the elderly!
The annual earned income threshold where the tax is collected could be increased or removed. Screw the rich!
Benefits could be means-tested. Screw the financially responsible and screw the rich!
What can you do?
Live below your means. Save. Invest. Plan for retirement. No one cares about your finances more than you do. Your elected officials certainly do not.
What makes you think it won’t be there?
Social security was never designed to be used like it is.
When created the age of collection was 65 when life expectancy was 63, per the way the law was written collection age right now would be ~84 but a handful of laws being passed kept the age from being pushed with the census.
Theres no Social security account somewhere with your name on it, theres just the finds collected and the funds distributed.
Social security insolvency is a myth, you arent going to wake up one day and social security doesnt exist anymore.
What is happening is the OASI trust fund is being depleted faster that congress is alotting funds to it and instead are using those funds to pay for social programs and pet projects.
They can either increase funding to OASI which congress hates because it takes away from their pockets or they can increase retirement age to 69 which lobbyists hate because they are paid to hate it, its their literal job.
Sovereign Immunity. The federal government cannot be sued unless it agrees to be sued.