Social Security is “not a tax”. It is money you pay into an account held in trust by the US Government to be used as a retirement account when you reach retirement age. Ron Paul paid money into it in good faith, it’s his retirement account, he now takes his money out of it. Only the Government “borrowed” the money it held in trust meaning there is not enough to go around so the Progressives expect those who paid into it and had successful careers and other sources of income, to leave their money for other less fortunate folks.
“Social Security is “not a tax”. It is money you pay into an account held in trust by the US Government to be used as a retirement account when you reach retirement age.”
That’s part of the problem. Too many people actually believe this non-sense. In actuality, it’s a socialist redistribution of wealth, nothing more. People working today are paying today’s retirees.
Social Security is “not a tax”.
Wrong. Social Security has been ruled by the supreme court in the early 1960’s as just a tax and you’re not entitled to anything you paid in.It’s actually on the SS website.
Right. At least it was supposed to be saved for your retirement but Congress spent the money. They need to bail out the social security account like they bailed out the banksters and Government Motors and like they poured billions into failed alternative energy companies for an illusion of global warming.