"we've to conclude how Social Security holdings will become 0% by 2032 and if 30 year olds are time-travelers?"
The only existing asset that the SS Fund has is US government debt resulting from the overpayment of SS taxes during the baby-boomers' working years relative to expenditures. Prior to that accumulation of overpayments, the assets were effectively $0 - and this was by design. SS is not taking your own money and saving it in an investment account like a pension or a 401(k). It works on taking the money from current workers and paying it to retirees within the same year. If all worked out perfectly (life expectancy does not change and population is flat), these numbers would perfectly balance each year and SS fund would hold no assets. However, that does not work in practice because life expectancy continues to increase - and more importantly - increase faster than the actuarial estimates used to determine payroll tax amounts and benefit payouts.
Currently the SS Fund has $2.9T+ in assets (held as interest bearing US government securities). 2019 will mark the last year where payroll tax collects + trust fund interest will surpass expenditures. www.ssa.gov After this, it will sell off securities from the trust fund to cover shortfalls until 2035 - at which time the fund will be gone. Once the fund is gone, the yearly obligations surpass the expected payouts to the tune of a 20%+ annual shortfall. And this assumes some rosey projects as far as employment is concerned.
This is not opinion - this is how SS works.
"If only we could have prevented shenanigans and made every citizen it's investor"
That is not possible - and that was by design. Other countries have a sovereign wealth fund which does this. SS started making benefit payments immediately to people that didn't really contribute because it was meant to be a welfare program for deadbeats. As such, it was always using new investor money to pay old investors back rather than work on investment returns.
"You mentioned "de-population"? Is that something you invest in?
#52 | POSTED BY REDLIGHTROBOT"
Without immigration, the US population is already decreasing. We have immigration due to employment opportunities - you would agree with this - yes? So, then the burden is on you to state how automation does not decimate our labor force as 50% of jobs are automated away in the next 30 years. Andrew Yang is the only guy asking this question and it is one that needs to be addressed as we continue to attract illegal aliens that are low skilled - basically, the people most likely to have their professions automated.