Remember that, if you worked for a legitimate US company or organization, not only did you contribute to Social Security but also your employer did. It totaled about 15% of your income before taxes. If you averaged only $30K over your working life, that would have been close to $220,500.00.
If you calculate the [future] value of $4,500 per year -- i.e., your & your employer's contributions -- at a simple 5%, which is less than what the government pays on the money that it has borrowed to satisfy its careless, mindless, and profligate spending, after 49 years of working, you'd have $892,919.98 in retirement money!
And if you took out only 3% per year of that total contribution to Social Security for your retirement, you'd receive $26,787.60 per year, and it would last more than 30 years (if you retire at age 65); and that's with no interest paid on that final amount on deposit! If you bought an annuity which paid 4% per year, you'd have a lifetime income of $2,976.40 per month.
And now Washington D.C. talks of your and my Social Security which we paid for all the years that we worked as "entitlement"? My ass! You and I paid cash for our Social Security benefits! Just because they borrowed and wasted the money and have no decency to pay it back, does it make our SS benefits some kind of government charity or handout!
The feds are fooling the American public and pulling a Ponzi scheme bigger than Bernie Madoff's!
Members of Congress receive benefits which consist of free healthcare, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days -- now that's welfare, and yet they have the nerve to call my Social Security retirement benefit which I paid for in advance as "entitlement"?
And while Washington reports that the country is "broke" and can't help our own senior citizens, veterans, orphans, homeless, yet billions of US taxpayers' dollars have been sent as foreign aid to Chile, Haiti, Turkey, and now even Pakistan aside from millions of voluntary contributions by US citizens to various American charitable (church) organizations! And the administration has the unmitigated gall to call one's pre-paid Social Security benefits as "entitlement"?
Most importantly, it is about time that the general American public know the truth that while US health authorities have claimed that the "average U.S. life expectancy" is now up to almost 80 years, the truth is: the biggest number of recorded deaths in the USA is between the ages of 45 and 65 years---that is BEFORE a big segment of population even collect any of the Social Security benefits which they have contributed to the Social Security Fund.
So, the BIG QUESTION is: WHAT has the US government done with all those billions of dollars of US workers' contributions --- payroll tax deductions --- to the Social Security Fund, which have been left UNPAID to contributors who have DIED before they could collect even a single cent of Social Security benefit?
And the feds now have the gall to call those contributions as mere "entitlements"?
Author Unknown
If you calculate the [future] value of $4,500 per year -- i.e., your & your employer's contributions -- at a simple 5%, which is less than what the government pays on the money that it has borrowed to satisfy its careless, mindless, and profligate spending, after 49 years of working, you'd have $892,919.98 in retirement money!
And if you took out only 3% per year of that total contribution to Social Security for your retirement, you'd receive $26,787.60 per year, and it would last more than 30 years (if you retire at age 65); and that's with no interest paid on that final amount on deposit! If you bought an annuity which paid 4% per year, you'd have a lifetime income of $2,976.40 per month.
And now Washington D.C. talks of your and my Social Security which we paid for all the years that we worked as "entitlement"? My ass! You and I paid cash for our Social Security benefits! Just because they borrowed and wasted the money and have no decency to pay it back, does it make our SS benefits some kind of government charity or handout!
The feds are fooling the American public and pulling a Ponzi scheme bigger than Bernie Madoff's!
Members of Congress receive benefits which consist of free healthcare, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days -- now that's welfare, and yet they have the nerve to call my Social Security retirement benefit which I paid for in advance as "entitlement"?
And while Washington reports that the country is "broke" and can't help our own senior citizens, veterans, orphans, homeless, yet billions of US taxpayers' dollars have been sent as foreign aid to Chile, Haiti, Turkey, and now even Pakistan aside from millions of voluntary contributions by US citizens to various American charitable (church) organizations! And the administration has the unmitigated gall to call one's pre-paid Social Security benefits as "entitlement"?
Most importantly, it is about time that the general American public know the truth that while US health authorities have claimed that the "average U.S. life expectancy" is now up to almost 80 years, the truth is: the biggest number of recorded deaths in the USA is between the ages of 45 and 65 years---that is BEFORE a big segment of population even collect any of the Social Security benefits which they have contributed to the Social Security Fund.
So, the BIG QUESTION is: WHAT has the US government done with all those billions of dollars of US workers' contributions --- payroll tax deductions --- to the Social Security Fund, which have been left UNPAID to contributors who have DIED before they could collect even a single cent of Social Security benefit?
And the feds now have the gall to call those contributions as mere "entitlements"?
Author Unknown
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