Whatever dude. Just keep the cycle going then. Never get out from under the gubmint control. Let your kids wallow in gubmint funding of their retirement. Give me back what I have paid into the system in full and not some percentage over the course of my post retirement years. Your kids, my kids, will certainly have the time to fund their own retirements plus any family money left to them. The dependancy cycle must be stopped. Like an addict, cold turkey is the way to go..
I think you missed Bob’s point. The cycle that is going right now is the continued shift of paying for the insane government spending to ONLY the “wealthy”.
I realized 40 years ago that SS was a scam and have never counted on it as a “safety net”. I have lived and planned accordingly and have assumed that “payroll taxes” were exactly that - taxes and nothing more, nothing less.
As far as getting back what you paid into the system, good luck with that!
My dependency on the federal government ended those years ago when I ruled out expecting any repayment of the aforementioned taxes. Note my tagline.
“Your kids, my kids, will certainly have the time to fund their own retirements plus any family money left to them.”
You need to do the math on this one. The BIGGEST factor that’s killing SS now is that people take too long to check out after they retire, and they’re getting paid, now, with money being earned today, not money that they put in.
I cannot, for the life of me, see how my kids can spend 30 years working to pay your retirement and then be expected to save up for their own retirement. You sure as heck didn’t do that, but you’re expecting my kids to do it. Sorry - but it’s time we start paying today’s bills with TODAY’S money.