Not that I would call someone expecting their monthly Social Security check a “moocher”, but do you really believe there’s a 1-to-1 ratio between what you will receive versus what you paid in?
Actually, if you had been allowed to invest the amount withhel and matched (after all if your employer did not have to make that payment it would have been apid in wages to you) over the last 40 years you would have enough to live on comfortably.
That's a false analogy. The people who have paid in to SS had no control over their money being taken. They were all victims of a vast Ponzi scheme with no choice other than to leave the country. The money that went to ss could have been put in a different fund which might have made the donor a lot more money than what they're receiving in ss payments.
Not that I would call someone expecting their monthly Social Security check a moocher, but do you really believe theres a 1-to-1 ratio between what you will receive versus what you paid in?”””
Most people paid in 6.2 % for their social security from their Gross wages & earnings. In the past 2 years, Obama dropped that intake by 2 % and the fund has been operating as a loss for that time period. It was never a good idea to have that 2% ‘vacation’ on the SS taxes.
MANY of US paid in 12.4 % because we were self-employed and paid both halves of the tax.
Furthermore, million have paid in since they first started working, died before they turned 62 or 65 and therefore, got NO SS.
WE PAID into the system what we were demanded to do. IF the DEMOCRATS had left that money alone, the actuarial increases along with those who died before collecting any benefits, would have left a healthy fund for our futures.
Instead, the DEMOCRATS have been emptying that fund since the early 60’s—especially to provide welfare to the millions of those who refuse to do anything more than procreate more mouths to feed. Under that scenario, the fund will never be self-sufficient. The DEMOCRATS have done this and they wish to continue doing so.
It is like have a marriage where one spouse keeps putting money into their joint bank account and the shopaholic other spouse keeps writing checks and spending. They can never become solvent.
There will never be any serious changes in the handling of the SS funding until the Republicans hold all the branches of the USA government.