We keep hearing that the country is like 7 trillion dollars in debt, and we have to cut this and raise that to meet the budget. What we are not hearing is where the money goes for the many Americans who paid in on Social security and passed before drawing it is applied. Is the government running a Ponzi scheme on unsuspecting citizens? I mean, where is the social security for Americans now, and should not the money of the Americans who died be sent to their family or be applied back into the pool for the future of social security for all Americans.
Ponder this for a moment.
Your employer and you both contribute to social security to total 15% of what you make. That is before taxes. Now, if you are one of the Americans fortunate enough to bring in 30K a year in this economy then you are looking at paying in close to $220.500.00 over the years of a full working life. No, that is not a typo; I said 220,500.00 in social security alone.
This money is in place to ensure Americans have money that they earned coming back in their retirement years. It is their money put up by them and their employees, so how does the government work into things? They have taken the American peoples money and claimed it, saying that the money Americans earned is an entitlement rather than a right. Hummm.
Lets take a closer look now.
Let's say the value of the investments made are $4,500.00 every year between yourself and your employer in addition to 5% interest and you work for 49 years. Maybe you choose to remove 3% each year, meaning you will get $26,787.60 to live on every year. That would last you only 30 years. If you retire at age 65, then you will have that set income until you are 95 years old. That is with no interest being paid and with no annuities.
If your husband or wife were to pass away in their 50's then all of the money they paid into social security, and that their employers paid is sitting there. This happens a lot. Where is that money?
Bernie Madoff didn't even come close to touching the brilliance of a Ponzi scheme of this magnitude.
Now the things you and I have paid for our entire lives are entitlements, and literally trillions of dollars have vanished that belonged to Americans over the years. It has been happening for a long, long time. Why haven't Americans demanded to know what is happening with the money of their dead loved ones, and why are we sitting down while our life's savings are being robbed from underneath us? Now that it is time to pay up, not only is the money of the people who perished gone, but the government is out of money too? Where is our money congress? Where is the American peoples money? It was not a part of your fund, it was not monopoly money, and it was not yours to spend!