[Ghost of SVR4]

Twenty five year old college grads pay 25% of their wages to SS

I need a citation on that one.

[stanne]

I was going by the statement of a bright young event graduate. A citation certainly IS warranted. It looks like 6+%, and 12+% for the self employed - both ridiculous especially when they know they’ll never see it

That kind of money over a career, invested is a retirement for them

Here’s the citation:
From: http://www.fool.com/investing/general/2013/10/19/5-incredible-social-security-facts-that-young-adul.aspx

Fact No. 2: Social Security is financed through a dedicated payroll tax that you and your employer pay an equal share of.
You do pay your fair share of taxes to finance the Social Security trust, but so does your employer. With the rollback of the payroll tax exemption in 2013, you and your employer now each equally pay 6.2% of your annual salary, up to a taxable maximum of $113,700, into the Social Security Fund. If you’re self-employed, you’re in for double-duty, owing 12.4% of your annual pay.