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That might be "modest" in GH's world, but I do not consider it a "modest tip".

It is modest, because lower wage earners have lower life expectancies than high wager earners. Therefore, even though they get a higher relative payout, you are looking only at "each month", versus the total payout over their (average) lifetime.

The latter person paid almost twice as much SS tax (1.94x or 94% more) but receives only 33.9% more benefits (647.10/1908.05). 94/33.9 is a 2.77x tip.

Now multiply it by the total (expected) payout over their respectively different lifetimes and see what you get.

I am not saying it's "exactly the same." Nothing could ever be "exactly the same." I am saying that the differences are modest, overall, which is how actuarially sound systems work.
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