I am still working and paying income taxes, SS and Medicare taxes. I’m just not working full time. If you made less than $9150 in 2006 you didn’t even have to file. If you make less than $25K as a single person you don’t have to pay taxes on your SS income.
I understand your frustration. However, you are sending it in the wrong direction. Those of us who paid into the system back in the day could not know how things would be so screwed up 50 years later. I don’t know how old you are but my son is 32 so he’s probably in the same boat. But he also makes 5 times the income I ever did in my whole lifetime so he should be smart enough to save a good chunk of it. I tried to teach him to do so.
I don’t doubt that benefits will have to be cut in the future as well as the retirement age increasing. But I didn’t make the rules and since the Feds aren’t going to give me back my money with interest, I’m going to take my monthly check and be very grateful for it.
Now I’m off to Christmas Eve mass. Merry Christmas to all my fellow Freepers - retired or not.
That's ok, for your GRANDson will make 25 times what you have!
It's all relative.
The money is gone because...
1. They started giving it away to people it was NEVER intended for, and...
2. Abortion has wiped out a large portion of the ones the original designers of the system had COUNTED ON to put the money in!