However, to be more accurate I broke out the OASI portion of FICA and used that to yield the following results (again, using the S&P actual returns for the yearly portfolio return):
| Employee portfolio balance: | $652,549.36 |
| Self-employed portfolio balance: | $1,090,476.22 |
| Employee OASI X 2 portfolio balance: | $1,305,098.71 |
And the year-in, year-out return required for the "employee OASI X 2" contribution rate portfolio to yield a balance of $2,000,000 is: 13.4%. Not a consistent return that's likely to be achieved each and every year for forty years.
If you think that the entire FICA tax should be doubled and included as your contribution, then you'd need to earn a year-in, year-out rate of return of 11.98% every year for forty years. Again, not a realistic consistent rate of return.
We could banter this back and forth unendingly. Consider that I did have an investment portfolio worth $1 million. Even today this could easily earn 5%. That is $50,000 a year income, vs $19,000 today from Soc Sec. And when I pass, the $1 million would still be there for my heirs. And yes, there might be some income taxes to pay on that, but there are income taxes to pay on Soc Sec income too.
The bottom line of my argument is that the Soc Sec check I get now is not welfare, in any way, shape or form. If the sharks in Government mismanaged the money they took from me, that is their problem, and they should be held accountable.