By the time I am 65, over $600,000 will be paid into Social Security on my behalf.
That money would have been worth $1.9 million if I had gotten a 5% return. My annual interest would be $95k.
The government promises me $3,075/month at age 67, which is $37k/year.
HOW IS THIS NOT THEFT??
The max one can pay into social security per year is $10,453.20.
If you did that every year from age 18 until retirement, the max you’ll get from SS is $4,873 /month.
If you put it into an S&P index fund instead, you would receive $32,583 per month.
Social Security is a scam.
@morelikemensa@Ghost_823 Im sure you are the greatest economist ever that knows exactly what the price of everything needs to be at every single moment.
The World Economic Forum has admitted that the COVID-19 pandemic served as a test of the public’s willingness to comply with their vision for the planet.
President Trump said the U.S. is going heavy into nuclear energy citing major safety advances.
He argued nuclear is now both reliable & cost-competitive for powering the economy.
That money supports the entire nuclear stack:
• Upstream uranium miners & fuel processors like $CCJ, $UUUU & $LEU that supply the raw fuel
• Midstream reactor & SMR builders like $SMR, $OKLO, $BWXT & $NNE that turn fuel into capacity
• Downstream utilities like $NEE, $VST, $TLN & $CEG that convert that capacity into grid power