I pay in....and it's mandatory. I shouldn't expect to get my money back????
Top it off with I pay DOUBLE because I'm self employed....and it's MANDATORY. And I shouldn't expect to get MY money back????
What's your logic?
There is no money.
Far as I'm concerned I just won that argument -- unless you want to come right out and support budget deficits, confiscatory taxes and big government programs to redistribute wealth to benefit priviledged classes of the needy.
I'm on a Conservative site. Where are you?
“What’s your logic?”
You and I were robbed. The sooner you realize that the sooner you can come to terms with it.
SS was a con job from the beginning. It was a way to get the middle class to pay higher taxes without going to the streets. It was just a higher tax, the money was spent with general revenue. The promise to give you welfare when you got old is no different than promising affirmative action to minorities, it was a plan to take from one group to give to another in order to gain votes.
Your money was spent, it isn’t there anymore. The only thing you can do is vote for they guy that will tax the next generation to keep your checks coming in. Your best bet is voting for the democrat although, the average republican doesn’t have the backbone to touch SS.
Top it off with I pay DOUBLE because I'm self employed....and it's MANDATORY. And I shouldn't expect to get MY money back????
What's your logic?
The government told the people that they were owed the money the put into the system. However the government lied from the start and spent the money.
The current system is to try and raise the money to cover these obligation by making promises to new workers and using their money. (Classic Ponzi Scheme) The problem as Margaret Thatcher pointed out eventually you run out of other peoples money.
So we either need to bite the bullet and quit paying benefits, breaking the promise to those who have paid in. Or we have to continue to tax people to pay for the existing benefits promised and tell them they will never receive a penny for themselves. I think the second option is more honest, but you can't expect the younger generation to accept this system.
Given the options, I wouldn't expect the government to stay liquid long enough to keep this up much longer. I, being what is called a millennial, don't expect to see one dime of Social Security.