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To: bill1952
"Haven’t those elderly already been paying SS all of their lives?"

SS didn't come into being untill the depression era thanks to FDR. No most of todays' elderly collect more than they paid into it. Income was lot lower than today.

If I'm wrong about SS.. someone please correct me.
45 posted on 01/09/2008 5:31:23 AM PST by Strutt9
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To: Strutt9

Well, figure it out.

At retirement, I will have been forced to pay SS for just short of 50 straight years.

While income was way lower, the money was worth an large amount more.

When I was 16 I could walk into the Ford dealership and plunk down $4,000 and change for a brand new Mach one with the Boss 302 option.

Of course after high school graduation, I was earning the princely sum of $1.90 per hour.

That money that they took - and supposedly invested, haha - was a lot of money to me, and if it were saved and invested for all of that time, I would be wealthy from that alone.

That 69 Boss car that I bought then now goes for anywhere from $75 to $250,000 today.

As far as I can see, SS was outright theft.


49 posted on 01/09/2008 10:39:58 AM PST by bill1952 (The right to buy weapons is the right to be free)
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