WHO DIED B4 they collected Social security?

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WHO DIED B4 they collected Social security?

Post  fortuna on Thu Dec 28, 2017 5:00 pm

Who died before they collected Social Security?

KEEP PASSING THIS AROUND UNTIL

EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT...

THIS IS SURE SOMETHING TO THINK ABOUT!!!!



THE ONLY THING WRONG WITH THE

GOVERNMENT'S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT

TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!!



WHERE DID THAT MONEY GO?



Remember, not only did you and I contribute to Social Security but your employer did, too. It totaled 15% of your income before taxes.



If you averaged only $30K over your working life, that's close to $220,500.

Read that again.



Did you see where the Government paid in one single penny?

We are talking about the money you and your employer put in a Government bank to insure you and me that we would have a retirement check from the money we put in, not the Government.



Now they are calling the money we put in an entitlement when we reach the age to take it back.

If you calculate the future invested value of $4,500 per year (yours & your employer's contribution) at a simple 5% interest (less than what the Government pays on the money that it borrows).



After 49 years of working you'd have $892,919.98. If you took out only 3% per year, you'd receive $26,787.60 per year and it would last better than 30 years (until you're 95 if you retire at age 65) and that's with no interest paid on that final amount on deposit!

If you bought an annuity and it paid 4% per year, you'd have a lifetime income of $2,976.40 per month.


THE FOLKS IN WASHINGTON

HAVE PULLED OFF A BIGGER PONZI SCHEME

THAN BERNIE MADOFF EVER DID.


Entitlement my foot; I paid cash for my social security insurance!

Just because they borrowed the money for other government spending, doesn't make my benefits some kind of charity or handout!!



Remember the benefits for members of Congress?

+ free healthcare,

+ outrageous retirement
packages,

+ 67 paid holidays,

+ three weeks paid
vacation,

+ unlimited paid sick
days.



Now that's welfare, and they have the nerve to call my social security retirement payments entitlements?



They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives, and now, when it's time for us to collect, the government is running out of money.



Why did the government borrow from it in the first place? It was supposed to be in a locked box, not part of the general fund.


Sad isn't it?

99% of people won't have the guts to forward this.

I'm in the 1%

--


I JUST DID!





fortuna

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Bullshit simplistic position

Post  DonMatzeder on Fri Dec 29, 2017 7:26 am

The problem with SS is that it is used as a welfare fund. Every parent that has an undisciplined child can go to a doctor and ask for an ADD diagnosis. The doctor easily complies because then he can bill for treating it. That diagnosis then gives the parent the evidence they need to apply for and get SSI payments until the child reaches 18. The 18 year old can then apply for disability for the rest of their lives. As far as using the fund without paying interest on it, there are several issues. First it is a tax...not a trust fund. They may have called it a fund to get it passed, but it is not. And as for the government paying more than 5%, I wish...that's what the feds prime rate is about. If the government had to pay 5%, they'd be bankrupt tomorrow.

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greaqt post Don

Post  airgunbuff1 on Fri Dec 29, 2017 2:34 pm

Happy new year my friend.
Kindly
ron

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YES Don, It's a welfare fund.......

Post  fortuna on Sat Dec 30, 2017 3:08 am

that was never meant to be. I'm not sure FDR had that in mind or if it was other gummint elected rats who bought votes from the poor etc. with the
promises of $$$$. I think there is much to be thought about with both posts. BTW my post was an item sent to me. Happy and healthy New Year
all you crazies. Smile Laughing Cool

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and a great post it was

Post  airgunbuff1 on Sat Dec 30, 2017 8:55 am

I know I enjoyed it !!

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