Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: detective

So explain why you think I should be forced to pay more out of my salary into the “Social Security System”?

Unlike a private retirement account or annuity, Social Security is not an investment fund and Congress could end payouts at any time, with no liability to any taxpayer for reimbursement. It’s an income transfer program; the money goes in and is spent immediately. You’re paying taxes without creating any legally guaranteed equity or assured return. It’s a fraud, or a mirage to be generous.

Let me keep the money I earn, so I can invest in a REAL retirement account.

The fact that Obama and Reid are for a tax cut doesn’t mean I’m going to say “no” to keeping more of the money I earned for myself and my family. If Obama and Reid told you your nose was pretty, would you cut it off to spite them?


30 posted on 11/29/2011 9:18:22 PM PST by WilliamIII
[ Post Reply | Private Reply | To 10 | View Replies ]


To: WilliamIII
If you believe the Social Security program is going to become insolvent in the next few years no matter what happens then you are right. If you believe that no matter how much people pay in to Social Security the government will pay out nothing then it makes sense to reduce payments to zero and just let the system fail.

For people who are retired or near retirement this “payroll tax cut” will make the system become insolvent sooner. It will also make the problem more difficult to fix.

If the elderly have their Social Security income taken away do you really think the politicians will not blame people such as you and I and call us greedy and demand to confiscate more of our hard earned money?

37 posted on 11/30/2011 5:09:52 AM PST by detective
[ Post Reply | Private Reply | To 30 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson