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Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut
Good post. I too am amazed that people believe that taking the FICA money from everyone is fine but that those, lucky enough to live long enough to collect, are "free loading" when they accept their EARNED SS retirement benefits. Another goofy thing is trying to equate $1 paid into the SS fund in 1970 as "offset" by receiving that same $1 back in 2020 as part of a SS retirement benefit payment. That 1970 $1.00, even without considering ANY compound interest effect, is worth perhaps $7.50 in 2020 "dollars" when merely adjusted for inflation.
I bristle when people say that if your collecting social security your sucking the govts teat and your this and that...
I paid social security from the day I started working and I had no choice, I could not invest that money in anything else and there were no 401ks.....I paid for the generation before me to have it...I paid it over 45 yrs....Im not the one getting a free ride
Its all the YOUNG non veterans that are on it that are sucking the govts teat...they paid nothing into it
Good post. I too am amazed that people believe that taking the FICA money from everyone is fine but that those, lucky enough to live long enough to collect, are "free loading" when they accept their EARNED SS retirement benefits. Another goofy thing is trying to equate $1 paid into the SS fund in 1970 as "offset" by receiving that same $1 back in 2020 as part of a SS retirement benefit payment. That 1970 $1.00, even without considering ANY compound interest effect, is worth perhaps $7.50 in 2020 "dollars" when merely adjusted for inflation.
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