People paid 12.4% of their wages into a fund. At gun point I may add. That this fund was promptly robbed by the people who were suppose to hold it does not mean that their getting a fraction of what they paid in back "welfare".
what was the interest rate on it?
Since the money was "loaned" to the federal government I would say the savings bond rate should apply.
Last time I checked that was 10%.
I agree!...If the money I “contributed” over the last 60 some years was compounded at 10%....
Id give you my SS as charity ..just for the write off..../s