"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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M