Quote:
Originally Posted by vilger
No private insurance company would agree to a contractual deal where the benefits greatly outweigh the premiums. Over an average lifetime, one will receive much more in Social Security and Medicare benefits than is ever paid in; this a cold, hard fact.
For a group that likes to rail against socialism, benefits for the poor, welfare "queens", etc., nobody suckles more at the government teat than entitled villagers.
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Complete misunderstanding on your part. SS contributions are put into a government trust account invested in Treasury bonds that pay a near zero interest rate and that is why the SS fund is running low. Had it been invested in the S&P 500 there would be a huge surplus. And the kicker was your contributions in the trust fund were used for various social experiments. That’s the cold hard fact.