It has always been a ponzi scheme, the workers pay for those collecting, it's not a private account!!! Too bad the idiots in Washington spent the surplus that was supposed to cover periods where there are less working and more collecting ... it's gonna collapse!!!
On Tue, Nov 17, 2015 at 8:53 AM, Hot4azintop via PoliticalForum < [email protected]> wrote: > > > > > This puts all we older folks in the "Food Stamp/EBT card group." > > I'll be part of the one percent to forward this. I am forwarding it > because it touches a nerve in me, and I hope it will in you. > > Please keep passing it on until everyone in our country has read it. > > The government is now referring to our Social Security checks as a > "Federal Benefit Payment." This isn't a benefit. It is our money paid out > of our Earned income! Not only did we all contribute to Social Security > but our Employers did too. It totaled 15% of our income before taxes. > > If you averaged $30K per year over your working life, that's close to > $180,000 invested in Social Security. > > If you calculate the future value of your monthly investment in social > Security ($375/month, including both you and your employers contributions) > At a meager 1% interest rate compounded monthly, after 40 years of working > You'd have more than $1.3+ million dollars saved! > > This is your personal investment. Upon retirement, if you took out only > 3% Per year, you'd receive $39,318 per year, or $3,277 per month. > > That's almost three times more than today's average Social Security > benefit Of $1,230 per month, according to the Social Security > Administration. > > (Google it - it's a fact). > > And your retirement fund would last more than 33 years (until you're 98 if > You retire at age 65)! I can only imagine how much better most > Average-income people could live in retirement if our government had just > Invested our money in low-risk interest-earning accounts. > > Instead, the folks in Washington pulled off a bigger *Ponzi scheme* than > Bernie Madoff ever did. > > They took our money and used it elsewhere. They forgot (oh yes, they knew) > That it was OUR money they were taking. They didn't have a referendum to > Ask us if we wanted to lend the money to them. And they didn't pay > Interest on the debt they assumed. And recently they've told us that the > Money won't support us for very much longer. (Isn't it funny that they > NEVER say this about welfare payments?) > > But is it our fault they misused our investments? And now, to add insult > To injury, they're calling it a *benefit*, as if we never worked to earn > Every penny of it. > > Just because they borrowed the money doesn't mean that our investments > were a charity! > > Let's take a stand. We have earned our right to Social Security and > Medicare. Demand that our legislators bring some sense into our > government. > > Find a way to keep Social Security and Medicare going for the sake of that > > 92% of our population who need it. > > Then call it what it is: Our Earned Retirement Income. > > 99% of people won't forward this. Will you? > > > = > > -- > -- > Thanks for being part of "PoliticalForum" at Google Groups. > For options & help see http://groups.google.com/group/PoliticalForum > > * Visit our other community at http://www.PoliticalForum.com/ > * It's active and moderated. Register and vote in our polls. > * Read the latest breaking news, and more. > > --- > You received this message because you are subscribed to the Google Groups > "PoliticalForum" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- brine http://brineb.blogspot.com/ -- -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. --- You received this message because you are subscribed to the Google Groups "PoliticalForum" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
