You keep referring to how much you paid in and estimated benefits.
What is your current balance?
Answer: you don’t have a balance, because the government takes your money and redistributes it to a Boomer
What is your ROI?
Answer: you don’t have a investment return, because your money is not invested, because the government takes your money and redistributes it to a Boomer
What does your family inherit if you die?
Answer: $0, because you don’t have a balance, because the government takes your money and redistributes it to a Boomer
All money “paying into” the SS “fund” is literally just government redistributionism from workers to retirees.
I created a spreadsheet you can check out below with 5 static lifetime incomes and what they would pay in and receive monthly VS taking that same money and investing it, showing the range of 6% - 10% returns, over 25 year period and 49 years (age 18 to 67)
Privatizing Social Security creates tens of millions of Middle Class Millionaires that will have a significantly wealthier and more dignified retirement, while having hard tangible assets for their family to inherit.
Anyone that defends the abortion of the legacy Social Security system is not an American and should be deported.
@8Kobra@frenbilt Glad we agree on 100M deportations but bouncing on it for a government Ponzi scheme without understanding what a comparable IRA invested into the stock market would do is absolutely insane.
It’s a dogshit antiquated Ponzi scheme that should’ve been privatized in the early 2000’s with Bush, but Boomers of course never had the political willpower to end a scheme that will destroy their kids and grandkids so long as they get theirs on the way out.
The program is set for insolvency by 2031, and will only be able to pay out 78% of benefits.
Are you ok with a 22% pay cut to keep it solvent? No? You just want to raise payroll taxes to fund it, now that you’re no longer working and a direct beneficiary?
Oh so i have to pay for it.
You don’t have a balance. You didn’t get an ROI. You’re just stealing money from me while I’m working my fucking balls off to barely get by and provide for my kids.
It’s Ultimate Luxury Boomer Communism for me, and a tax increase for thee.
Most selfish, dumbest generation in history. There’s a reason all of us are waiting on bated breath for you to fucking croak already.
@8Kobra@frenbilt You realize if i had that money go into an S&P 500 index fund then id retire with >$7M and if i died my family would inherit it, right?
No no they’re all right. America is a complete shit hole, everyone should stop moving here. And all the recent immigrants should return back to their home countries because they are all so much better than America. America is the worst country in the world no one should ever come here
Under Biden, inflation was about 8% a year while under Trump it is about 3% — do you think that is true or untrue?
✅️ True: 50%
❌️ Untrue: 50%
Harvard/Harris | 9/26-28 | RV
@kbo_coyote@JohnPotMUFC It is not infringing on your life, liberty, or happiness for the government to decide not to back your loan to get a gender studies degree you fucking idiot
Driving range for sale:
- 60+ acres
- 50 bays, abandoned 9-hole par 3 course, 18 hole pitch and putt
- 36 holes of mini golf, batting cages, F&B
A dream location for us.
Location: Cranston, Rhode Island.