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?

 

This just frosts me also.  What about those who worked and paid SS tax for 15 yrs and then worked 30 yrs for the state and cannot collect anything from the money that was taken out of their check and sent in for SS tax  before going to work the 30 yrs. and earned a State Retirement.  If they collect their State earned retirement it disqualifies them for any of that money which was paid into SS for those 15 yrs. which they and their employer paid in.  What happened to that money?  I suppose it goes to all the illegals who paid nothing into the SS system.   They forget to mention they took our money and promised us we would get a monthly check when we retire and then when we retire they tell us they have no money and renamed our earned SS money and tell us our money is gone and we are now  part of the entitlement program just draining the system.  If that's not a big Ponzi scheme I would like to have a better explanation of  what a Ponzi scheme is.
Just had to let off a little steam......

 

Who died before they collected Social Security?

 

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  Me 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.   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?   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 it's 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 supposed to be in a locked box, not 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!