Gosh you are dead right and I just wish this could get out to a larger audience - though most would not understand. Sadly, all of the presidential campaigns these days are essentially predicated on federal spending staying as it is. There are no hero’s out there willing to take on the entitlements. Instead the “worst” generation that followed the “Greatest” generation will vote themselves access to the taxpayers dollars. Believe me, I know, my mother is one of them. She put in 30K through payroll deductions and believes that entitles her to $100,000’s social security/medicare benefits. BTW, she’s a democrat.
Gosh, find me a deal where I can turn $30,000 into $100,000’s that you the taxpayer get to pay to me!
We’re like frogs in the kettle being heated.
On a $30,000 investment over 30yrs with a $100,000 return on investment is only 3.0% on return. You would do better in stock market which on average gives you about a 8.0% return on long term investing.
If you took $30,000 and invested it in stocks at 8.0% you would have $331,000 after 30 years and if the husband put in $30,000 over 40 years they would have another $737,000 to spend in their old age. If you think all us taxpayers who have worked hard and payed our SS tax are getting a good deal from SS in our retirement years you are sadly mistaken.
NO2