Nope.
No more then your tax refund is welfare because the money was spent long ago.
Invalid argument.
Please try again.
Social Security has always been an old age welfare program. From the very beginning the money payed in by workers went out to pay for those workers' elderly relatives. That money you payed in never went into an account with your name on it. Instead, it was payed out to Grandma and Grandpa and your parents. Any excess was sucked up into the general fund.
Whatever Social Security you receive will be payed by your children. Social Security is simply a scheme of transfer payments from the young to the old.
Nope.<<<
Can you explain your thinking..there never was a “lockbox” for SS...where do you think the money was being held...and what was the interest rate on it?
You are correct. Had I invested the contributions I would be better off but that ship has sailed. Now I just want what I have coming to me.