It really p!sses me off when someone refers to social security and medicare as an ‘entitlement’. How is it an entitlement when the government has stolen this money out of my paycheck for the last 40 years? If I’m lucky enough to live to the appointed age, I might get some of it back but I could have done more with the money if I had been allowed to keep it.
Because government lied to you. You were given the impression your money was being invested. Instead they spent it, all of it and more. It is called FICA TAX. When you pay tax, it is not entitlement.
Chile in south America has true entitlement retirement program. Chileans have majority of their money invested in private investments such as stocks and bonds. The gov’t manages the investment and each citizen has an account in the system.
Our system is a Ponzi scheme, where current workers pay for retirees.