Gig 601XL Builder wrote:
If it is required by the government it is a tax. If anyone gets more out of
it than they put into it is a income redistribution welfare program.

When taken together about 15% of every dime I have earned in my 30 years in
the labor pool has been paid into SS & Medicare. If I had been allowed to
keep that money and invest it in even a conservative investment I could
retire right now, finish my airplane and never be in anyway a cost to
society. The Social Security Administration is a terrible investment manager
and Medicare is a mediocre health insurance policy at best.



Amen brother. I too look longingly at that so called "statement" they
send me every year... I can see the money that has been squandered on
my behalf. Like you, had I been able to put that money into an account
of my own I could retire today.

The SS system has been running a "surplus" for many years (of course the
uneeded money is simply spent) but if, in fact, that "extra" money
colleceted were truly invested in securitities it would be a huge amount
by now... and no "crisis" would be looming ahead.

The Social Security Scam gets away doing things with peoples money
that would result in people going to jail if done by private sector
investment company. After all of this... Larry still thinks its a great
idea.