No. of Recommendations: 2
"I agree. I hate to see my SS money going into a endless pit that I may never see again." - David

But, have you done the math yet to check out what I have suggested? If I am right, once you retire, you can trade dollars with Uncle Sam and come close to breaking even each year. Meanwhile, you will not be a burden to Uncle Sam because the government will actually pick up a few bucks from you each year to pay for the slackers that you are also paying for today. But, if enough folks are like you and me, Social Security will be solvent forever. Everyone will just end up paying themselves!

The real questions are, "Why waste the effort sending the money to Washington in the first place? Why not just leave Washington out of the whole thing?"

Let me tell you what brought me to do the math for myself. I was talking to elderly lady number two and I was joking around. I said, "I have been doing your taxes for eight years and I just noticed something. You send almost precisely the same amount of bucks to Washington each year as they send back to you in Social Security payments. It is a wash. Why don't we write to them and just ask them to ignore you. Thus, you agree to pay no more income taxes while they agree to send you no Social Security. Think of the postage savings?"

If you work real hard and build yourself a fine personal retirement program, maybe you can make them the same deal. Of course, every dime you have paid in over your career is lost forever. Once enough of us do the math, maybe we can get the system changed so we can stop sending our money to Washington in the first place.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.