Quote:
Originally Posted by MikeH
What everyone seems to forget is:
1. Social Security is a Social program and unlike pure insurance each person will not necessarily get a full return on their "investment". Some will get more and some will get less. If you die when you're 61..you loose. If you live into and beyond your 80's....you received more than you paid in.
2. Everyone seems to forget that during those 40-45 years you were working the program would have provided monthly benefits to you and your family had you become disabled or to your surviving family had you died.
3. If your employer didn't have to pay the 6.75% tax would your salary have increased by that much? Dream on......
Most of us think of Social Security as only a retirement program so we calculate our return on investment at that point. What if we'd become disabled at age 25 or 30 with a spouse and two or three children? What then would be our return on our investment? Can anyone purchase an ins. policy that gives the same protection as Social Security for the same "investment"?
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If the Government had not used FORCE to TAKE your money for social security, you could have invested it and obtained a 10 fold return more than SS for which you could have easily purchased life insurance to pay far more than SS death benefits cover.
You can negotiate your pay.. so no one knows if you could have gotten the employer share of SS included in your pay. Just because no one knows, does not mean you would NOT have gotten.
Where in the Constitution does the federal government have the right to create this social welfare program? No where. In fact it is specifically prohibited by the 10th amendment.
yes many have benefited.. but many have lost much also.