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My Republican friends tell me Social Security is a bad deal. Maybe it is, just not as bad as buying the same benefit from a private insurer.


This is not true:

not as bad as buying the same benefit from a private insurer

It might be good for someone that retires before 40 and has low earnings. Bad deal for almost everyone making $50K + and under 50.

At age 66, I think the rate of return on my contributions is about 1%.

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