Social Security in the U.S. is a Ponzi Scheme

Poor Richard Saunders said:
That's interesting, you haven't given the person transportation to work, health insurance, utilities like heat and electricity, clothing. Then you forgot about holidays where the person wouldn't get paid to work unless they were in a service industry of some sort.
Auto insurance - $1000
Gas for car - $600
Electricity - $700
Gas for heating home - $1000
Health insurance - $3,600
clothing - $400




Not if they want to actually get to work and have heat and light and electricity to charge their phone and run their internet.

So you admit that your claim is bullshit when you say they can retire with a million dollars.

As we can see, you have not provided valid numbers at all since you forgot much of what a person has to spend money on to live.

No. You didn't do anything other than show us that you are so stupid you have never been able to live on your own since you have not clue as to what a normal person has to pay for to live.
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The governement doesn't give a shit about your expenses. If you have wages they're taking 6.2% from you and your employer is matching it. PERIOD!

Only in a weak diseased mind could one surmise a link between your life's expenses and your SS contribution.

My fucking god you're stupid. All of you no 3rd grade math understanding fools.
 
ULTRA MAGA said:
The governement doesn't give a shit about your expenses. If you have wages they're taking 6.2% from you and your employer is matching it. PERIOD!

Only in a weak diseased mind could one surmise a link between your life's expenses and your SS contribution.

My fucking god you're stupid. All of you no 3rd grade math understanding fools.
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^^^
Collects social security but doesn't want his nasty little kids to collect it. LOL
 
And before you pimple brained cretins start with your but but butting here you go.

MF.JPG40 years.JPG


And that's only 40 years Add another ten years as the SS age is now 70 any you have this. It's called the magic of compound interest.
That's a lot of money compared to anything SS is going to let you have at retirement.


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ULTRA MAGA said:
And before you pimple brained cretins start with your but but butting here you go.

View attachment 46397View attachment 46398


And that's only 40 years Add another ten years as the SS age is now 70 any you have this. It's called the magic of compound interest.
That's a lot of money compared to anything SS is going to let you have at retirement.


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You got to stop hitting these lefties with the facts that my OP stated about people getting over $1 million dollars in their
retirement if they chose to invest in a private account that isn't controlled by our government, like that of Social Security.
 
ULTRA MAGA said:
And before you pimple brained cretins start with your but but butting here you go.

View attachment 46397View attachment 46398
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AI just did the math wrong .967% compounded monthly interest results in an annual return of 12.24%
ULTRA MAGA said:
And that's only 40 years Add another ten years as the SS age is now 70 any you have this. It's called the magic of compound interest.
That's a lot of money compared to anything SS is going to let you have at retirement.


View attachment 46399
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AI did the math wrong again.
 
Libhater said:
You got to stop hitting these lefties with the facts that my OP stated about people getting over $1 million dollars in their
retirement if they chose to invest in a private account that isn't controlled by our government, like that of Social Security.
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It's funny how people that rely on AI accept what it says even when it is wrong.
 
Poor Richard Saunders said:
It's funny how people that rely on AI accept what it says even when it is wrong.
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It's not that wrong you dim witted leftist fool.

You're arguing decimal points when the truth is you have no real clue how to calculate even basic math.

No amount of back pedaling will make any thinking human believe you know your ass from apple sauce. You arrogantly asked for math but you can't fucking handle math.

You are an idiot and that's the bottom line. You would be wise to let competent people debate things that involve anything more complex than the times tables.
 
ULTRA MAGA said:
It's not that wrong you dim witted leftist fool.

You're arguing decimal points when the truth is you have no real clue how to calculate even basic math.

No amount of back pedaling will make any thinking human believe you know your ass from apple sauce. You arrogantly asked for math but you can't fucking handle math.

You are an idiot and that's the bottom line. You would be wise to let competent people debate things that involve anything more complex than the times tables.
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You're a hot-headed idiot, Joe. Aren't you afraid someone in your rest home will put you out of your misery?
 
Libhater said:
1. Your return on your "contribution" is -4%. That's NEGATIVE 4%.

2. If you die unexpectedly, your "contribution" is absorbed into the system, your family sees $0.00.

3. If you were to actually invest that same money into an IRA, most people would retire millionaires, and if they died unexpectedly,
their family would have access to that wealth.

4. The Social Security tax is just another failed attempt at Collectivism.

5. Your "contribution" is not properly invested by the Government. It is literally used to pay the SS checque to retired people now.

6. Social Security should be phased out, allowing people to invest those earnings tax-free into a retirement portfolio, so they can
actually retire in comfort. A new system should be implemented to help people that are actually destitute.

7. Look at your pay stub. Actually look at it. Understand that you are being robbed. That "contribution" isn't really a contribution.
It's not voluntary. It is forced upon you. It is a tax. Stop believing the lie.
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^ ^ ^ Low-info, low-IQ cult member dutifully repeats the b.s. his glorious leader has claimed. Nice job. lol
 
Libhater said:
You got to stop hitting these lefties with the facts that my OP stated about people getting over $1 million dollars in their
retirement if they chose to invest in a private account that isn't controlled by our government, like that of Social Security.
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The problem with your lie is that you cannot possibly know how long a recipient will live. Some people get zero...tragically. Sure...you can leave a retirement account in a will, although it will be taxed.

Using inflated numbers to illustrate a point, take someone who earns $50k/year. Round off to $3k per year paid into FICA, with a matching $3k immediately from employer. After 25 years said employee paid $75k, with employer paying another $75k.

According to SS website, monthly payout is $1600/month, which equates to $19,200/year. How long does one have to live to reap rather large rewards?

Your lie also assumes that the market never corrects. In '08, millions of retirees would have been devastated when their retirement savings suddenly disappeared. Thankfully, they had SS


Put another way, right now the most anyone pays/year into SS is +/- $11k/year. That has increased drastically in the last 7 years, but lets say you paid the maximum amount for $25 years. Employer matched your contribution. Round numbers you have $275k invested, and you reap more than $60k/year in SS payouts. That is all based upon waiting until 70 to collect. At 62 you reap $36k/year

How many years do you have to live in order to be way ahead of the game?
 
Althea said:
Correct. Tragically, some never collect anything if they die young.

And everyone (except Wall St. brokers) lost everything if they invested in MBDs, which EVERYONE'S funds did in the mid 2000s.
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Very true. Some lost their homes too.

I wouldn't be surprised if the markets fall again drastically. Anyone on the verge of retirement might want to start shuffling their accounts and putting their funds into safer vehicles.
 
ThatOwlWoman said:
Very true. Some lost their homes too.

I wouldn't be surprised if the markets fall again drastically. Anyone on the verge of retirement might want to start shuffling their accounts and putting their funds into safer vehicles.
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Given the rigged market, it will fall for a totally different reason than in '08. Corporations (after promising Congress in '17 that they will create NO jobs if given a tax cut) took huge windfalls and inflated the market with share purchases. Followed by savvy investors who watched the trend. With the market breaking records for the last 8 years, investors are now taking profits before trump totally destroys the U.S economy.

Some of the crash will be the market being the market. Short sellers having a field day. Some will be spite...like we see with Tesla. And some will just be normal correction.

Funds will definitely be hit the hardest, but many stocks will continue to do well. The good thing is that the Fed refuses to cave to trump and for now is not cutting interest rates. That still gives us a haven for cash during these trying times.
 
T. A. Gardner said:
What's that got to do with the ROI on those funds? Why does the social security administration pay out all the money they are taking in to current recipients? Why isn't that money invested to grow the fund?
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Is it because the "cut taxes" Republicans use the funds for other purposes?
 
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