The truth about Social Security: it's a big rip-off

[glockmail]

In theory this is true. However, the employer may not give that savings to the employee, then again the option is there.

It is required now, it would be required under this plan. The money simply goes to the employees private retirement account instead of the greedy guv'mint.

 

[Mr. P]

It is required now, it would be required under this plan. The money simply goes to the employees private retirement account instead of the greedy guv'mint.

That's true, I was think about something else.

 

[glockmail]

i call bullshit........

may dad paid in for 25 years.....he died when i was 20.....

my dad's benefits put me through college

Assuming he only made $20,000/ year and never got a raise, after 25 years at 6% his private retirement account would have had $143,218. That's enough to go to Harvard, or, a state school and drive a Lambo.

Of course, that doesn't include your portion of inheritance from earlier generations of your family. You'd have been in high cotton- and voting Republican.

But I'm sure the guv'mint gave you a much beter deal.

 

[sealybobo]

Sadly, it will never happen. We will just keep going till its completely broke then blame it on the Republicans and their greedy tax cuts for the rich. People will buy it. Taxes will be raised. Politicians will get richer. People will be happy despite being poorer because of class warfare.

What a wonderful country we live in.

Your prediction is coming true. Republicans are pretending they aren't going to cut or eliminate social security but we know they are going to try.