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.
What an appalling speech the Mayor of New York delivered for the 250th anniversary of the nation.
Sadly, it reflects the view of America propagated for years by Howard Zinn and his like-minded colleagues in the universities and believed by armies of the young: a dark, oppressive country where common people are denigrated by tyrants and oligarchs, where immigrants are treated with contempt, where those with “soft hands” hold the wealth created by those with dirty hands.
No sensible person would claim that our country is without flaws, but the relentlessly negative picture painted by Mayor Mamdani is just absurd.
And it is the fruit of the Marxism that, sadly, is all the rage today.
Imagine being forced to give someone 6.2% of your paycheck, every single check, every month, for 30 to 50 years of your life.
And that person said, "Don't worry, I'm holding this for you and will pay it back to you on a monthly basis, when you retire at 65."
And then they said, "Nah, just kidding. I meant when you retire at 67. And at that time, I'll only give you 70% of what you paid me."
And then they said, "Oops, I spent all your money. You're out of luck."
That's the U.S. government.
@newstart_2024 Birth to Slaughter in 6 Weeks, LOL U are a MORON it still take 15-18 Months I should Know I am a cattle rancher! Oh My that crap some people will Believe