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It isn’t 6.2%. It’s 15.3%, not a small amount by any measure.

Just because the employers doesn’t give your half to you, but sends it directly to SS instead, doesn’t mean that half isn’t out of your pocket. That was just part of the sleight of hand the Dems did so it wouldn’t look so big. Don’t fall for it, as nearly everyone has.

I don’t believe that 15.3% is the right number. The social security portion is 6.2% from you, and 6.2% from your employer. But if it suddenly vanished, it doesn’t mean that your employer would raise your pay by 6.2%. No, your employer knows that you live on your take-home pay. If SS were to vanish, he would pocket the money. He would have no incentive to give you a raise.

Your employer has all sorts of costs due to you. More electricity, office supplies, uniform, training, benefits, whatever. The rule of thumb is that an employee costs an employer about 150% of his wages, of which 6.2% is SS. Yeah, cost of business, but a cost of business that American employers have learned to deal with. Eliminating SS would only gain you personally 6.2% (less additional income taxes) which you’d barely notice. Did you notice Obama’s famous “tax cut” when he reduced SS withholdings from 6.2% to 4%? I didn’t notice it.

Bottomline anyway is that SS will never be eliminated, it is just not practical. Hate it if you will, it’s like a drug addiction. We can’t quit cutting checks to retirees, and we need the withholdings to fund those checks. No one has come up with a practical way to break the cycle. (All those private investment schemes are both really, really socialist, unnecessary because we already have IRAs, and funded by brand new borrowing in a brand new entitlement program.)

So quit whining and accept it - you’ll lose 6.2% of your wages to it as long as you work, and after you retire you’ll get back something like 33% of your wages (42% was promised, but that promise may not be met if you are young). Deal with it.