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To: cynwoody
My husband paid into SS from the time he was 16 and passed away at 51, he never collected it..If we had been able to take that money and invest starting in 1955, we'd have been far better off than SS. Those that collect welfare contribute zero to it.....its not even close to being the same.

He was also in the saving plan when 401K came into law, and when he passed he had over 300,000 dollars. He took a buy out and 401K plus buying AT&T stock when it was one of the 10 blue chip stocks.. If he had been investing SS money in his own name, it would have accumulated more than that...

Get tired of people putting SS and welfare in the same catagory.....

38 posted on 10/06/2011 11:50:30 PM PDT by goat granny
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To: goat granny
Get tired of people putting SS and welfare in the same catagory.....

SS has been sorely misrepresented from the get-go. They want you to think it's a prudent retirement program. But it's actually just another tax, paying into the same piggy bank they feel entitled to rob whenever they feel the need to buy some more votes. A Ponzi scheme, in other words!

A proper retirement system would be something like a 401K or IRA. You would have an ownership interest. You would have control. Your heirs would inherit it, should you be so unlucky as your husband or Steve Jobs. If it did fabulously, you would be comfortable. If not, you would be on welfare. The cookie needs to crumble one way or the other.

39 posted on 10/07/2011 12:01:40 AM PDT by cynwoody
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