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To: DManA
No one has a claim on the taxes they payed into SS either legal or moral. That money is a sunken cost. Forget it and move forward.

The sooner people realize that the better. I'm dismayed to see that so many of FR seem to buy into the myth that they've "paid into" an account that they're now owed money from.

The money they "paid in" is gone, paid out to their parents and grandparents. Any money they "get back" will be confiscated from their children and grandchildren.
115 posted on 01/02/2011 11:55:27 AM PST by The Pack Knight (Laugh, and the world laughs with you. Weep, and the world laughs at you.)
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To: The Pack Knight

Well, with that nonsensical argument, everything other than the money in your hands is gone. Gee, I hope you don’t put money in a bank. There is an accounting somewhere, sufficient to issue an IOU, as there is to send you a bank statement once a month. Sure it is not in a “Social Security fund” per se because that money has been subsumed into the general fund.

On another point, however, the SS was setup such that even though peeps may have input 100K$, actuarially, they likely will not get it all out. So the statements put forth here of getting out what was put in is also nonsense.


701 posted on 01/03/2011 5:50:47 PM PST by SgtHooper
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To: The Pack Knight

“I’m dismayed to see that so many of FR seem to buy into the myth that they’ve “paid into” an account that they’re now owed money from.”

Oh, ok, so although you pay local taxes (e.g., property), I guess you would not expect any return on that as well? Roads, schools, local, regional, state administration... That money is gone, too, once it leaves your hands. Come on people.


704 posted on 01/03/2011 5:59:48 PM PST by SgtHooper
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