A woman dies at age 65 before collecting one benefit check. She and her employer paid into the system for almost 50 years and she collected NOTHING. Keep in mind all the working people that die every year who were paying into the system and got nothing.
And these governmental morons mismanaged the money and stole from the system, so that it’s now going broke.
BEAUTIFUL! And they have the audacity to call today’s seniors “vultures” in an attempt to cover their ineptitude. DISGRACEFUL!
The real reason for renaming our Social Security payments is so the government can claim that all those social security recipients are receiving entitlements thus putting them in the same category as welfare, and food stamp recipients.
THIS IS WORTH THE FEW MINUTES IT TAKES TO READ AND DIGEST!
F.Y.I. By changing the name of SS contributions, it gives them a means to refute this program in the future. It’s free money for the government to spend under this guise.
The Social Security check is now (or soon will be) referred to as a Federal Benefit Payment ?
I’ll be part of the one percent to forward this. I am forwarding it because it touches a nerve in me, and I hope it will in you.
Please keep passing it on until everyone in our country has read it.
The government is now referring to our Social Security checks as a “Federal Benefit Payment.”
This is NOT a benefit. It is OUR money , paid out of our earned income! Not only did we all contribute to Social Security but our employers did too ! It totaled 15% of our income before taxes.(This should be enough for you to forward this message, If not read on.)
If you averaged $30K per year over your working life, that’s close to $180,000 invested in Social Security.
If you calculate the future value of your monthly investment in social security ($375/month, including both you and your employers contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you’d have more than $1.3+ million dollars saved.
This is your personal investment. Upon retirement, if you took out only 3% per year, you’d receive $39,318 per year, or $3,277 per month.
That’s almost three times more than today’s average Social Security benefit of $1,230 per month, according to the Social Security Administration. (Google it – it’s a fact). And your retirement fund would last more than 33 years (until you’re 98 if you retire at age 65)! I can only imagine how much better most average-income people could live in retirement if our government had just invested our money in low-risk interest-earning accounts.
Instead, the folks in Washington pulled off a bigger Ponzi scheme than Bernie Madoff ever did (or Lyndon Johnson).
They took our money and used it elsewhere. They “forgot”(oh yes, they knew) that it was OUR money they were taking. They didn’t have a referendum to ask us if we wanted to lend the money to them … and they didn’t pay interest on the debt they assumed. And recently they’ve told us that the money won’t support us for very much longer. (Isn’t it funny that they NEVER say this about welfare payments?)
But is it our fault they misused our investments? And now, to add insult to injury, they’re calling it a benefit, as if we never worked to earn every penny of it. This is stealing!
Just because they borrowed the money, doesn’t mean that our investments were for charity!
Let’s take a stand. We have earned our right to Social Security and Medicare. Demand that our legislators bring some sense into our government.
Find a way to keep Social Security and Medicare going for the sake of the 92% of our population who need it.
Then call it what it is:
Our Earned Retirement Income .
90% of people won’t forward this.
PLEASE! Will you?
I’m 40, and not planning on seeing a dime of ss back. It’s a foolish system from the get-go that govt didn’t need to take part in retirement
I could tell you some stories about SS that would piss you off. bad
I would like to hear at least some of your SS stories (as long as they are true, of course).
When I was your age (I am now in my early 60’s), I, too, had that same attitude.
No longer, of course. I am anxiously awaiting the day when I can claim my SS benefits, even though I am sure they will not represent a good investment (though, of course, I did not have a choice).
I have said the same thing for years, what you paid in should not die with you, it is insurance and you should have a beneficiary, If I die before I use any of it I should be allowed to leave at least part of it to whoever I choose.
I agree! Unfortunately, this is typical of government programs wherein their real intent is to redistribute money, not act as a good investment for all who participate.
SS is designed for people who don’t plan their future.
It was designed as a safety net.
Not everyone on the trapeze needs or wants a net. I will live to be around 55 according to my doctors.
So why do I have to pay?
The answer is good old fashioned Socialism.
Just like the police department, fire department, school system ect…
It is all just socialism that we find acceptable and continue to comply with.
I hope your doctors are wrong about your expected terminal age and that you live well into your normal retirement years.
When I taught at a career tech center, the students would always tell me " I don’t needs to work I gets a check" When I first started of course I thought they were lying. they proved me wrong, some brought their 1000 dollar a month checks to show me. they was in their names too. now these are kids that NEVER paid a dime into SS and their parents Never paid a dime into it.
Most of them didn’t know who their father was. and most lived with grandparents cause the parents were too sorry to take care of them. They would spend that check fast as they got it, the first of the month they would all come back wearing brand new clothes, and i’m not talking clothes bought from wal mart. they only wore name brand expensive stuff, like 200 dollar pants and 200 dollar shoes.
Another story was when I went down to sign up for my SS there was two young women with newborns waiting to get them signed up for SS. of course the woman was getting it too and never worked. The same happened when I went with the wife to sign up for hers. it’s really agitating to see this when I worked all my life and paid in this crap and they still don’t want to give me mine and some sorry POS that never worked gets it with no problem.
I have more stories but I done pissed myself off now.
You are totally FOS, I paid in that all my life and I seriously don’t need it to live on but I paid my share and I should get some back.
Thanks for the stories. Sorry it got you mad sharing them with us.
And, now you see the difference between SS being just a savings account and SS being a mechanism for the government to redistribute earnings/wealth.
I agree it does stink that we need to pay in, and it is socialism. Lots of things are governmentized that should be private business
I agree, it’s been used for everything it wasn’t intended for.
read up my friend… Its uncle Sam’s little socialism dream based on retards not planning for the future.
Its been reorganized 20 times and EVERYONE steals from it. Its a slush fund for whatever evil the Plutocrats decide they want to use it for at this point basically.
I totally agree!
You’re not fighting hard enough.
Sorry I can’t say how I manage my taxes here. There are all sorts of way’s to legally resist.
I opted to take mine early at 62, I took a decrease in it, but it was like give it to me now. forget waiting five more years. it wasn’t a huge difference anyway. the first year I spent most of it on ammo. I kept the UPS and sgammo in business.lol