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Who died before they
collected Social Security?
KEEP PASSING THIS
AROUND UNTIL EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT... THIS IS SURE SOMETHING TO THINK ABOUT!!!!
THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION OF AVAILABLE SOCIAL
SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER
COLLECTED A SOCIAL SECURITY CHECK!!! WHERE DID THAT MONEY GO?
Remember, not only did
you and I contribute to Social Security but your employer did, too. It
totaled 15% of your income before taxes. If you averaged only $30K over your
working life, that's close to $220,500.
Read that again. Did you see where the Government paid in one
single penny? We are talking about the money you and your
employer put in a Government bank to insure you and I that we would have
a retirement check from the money we put in, not the
Government.
Now they are calling
the money we put in an entitlement when we reach the age to take it back. If you calculate the future invested value
of $4,500 per year (yours & your employer's contribution) at a simple 5%
interest (less than what the Government pays on the money that it borrows),
after 49 years of working you'd have $892,919.98.
If you took out only
3% per year, you'd receive $26,787.60 per year and it would last better than
30 years (until you're 95 if you retire at age 65) and that's with no
interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per
year, you'd have a lifetime income of $2,976.40 per month.
Another thing - if
someone died in their 50's or before, they never withdrew one cent of their
social security money that they paid into all their lives - so that money
just went up in smoke?
THE FOLKS IN
WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID.
Entitlement my foot, I
paid cash for my social security insurance! Just because they borrowed the money for other government
spending, doesn't make my benefits some kind of charity or handout!! Remember
Congressional benefits? --- free healthcare, outrageous retirement packages,
67 paid holidays, three weeks paid vacation, unlimited paid sick days.
Now that's
welfare, and they have the nerve to call my social security retirement
payments entitlements? We're "broke" and we can't help our own Seniors,
Veterans, Orphans, or Homeless. Yet in the last few months we have provided
aid to Haiti, Chile, Turkey, Egypt and Pakistan.
Literally, BILLIONS of
DOLLARS!!! And they can't
help our own citizens in New York and New Jersey! They call Social
Security and Medicare an entitlement even though most of us have been paying
for it all our working lives, and now, when its time for us to collect, the
government is running out of money.
Why did the government
borrow from it in the first place? It was never supposed to be part of the general fund.
Sad isn't it. 99% of people won't have the guts to
forward this. I'm in the 1% -- I just did
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