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Nick Gillespie: Social Security worker-to-beneficiary ratio shrinks from 42 to 2.7 since 1945
Nick Gillespie highlights dramatic changes in the Social Security system since 1945. According to Gillespie, there were nearly 42 workers paying into Social Security for every beneficiary in 1945, a figure that has dropped to just 2.7 workers per beneficiary today.
He questions the program's long-term viability and suggests that if society wishes to fund an old-age anti-poverty program, it should be done more transparently and sustainably.
Gillespie has recently commented on topics beyond Social Security. He criticized Jim Cramer for remaining on air despite repeated public mistakes, noting that the market index has tripled since Cramer’s forecasts. In another piece, he pointed out that public concerns about AI and data center energy use resemble earlier debates over crypto power consumption.
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