Unfortunately, many people have this misunderstanding. It was never intended, nor practiced as a forced savings account. It has always been a pay as you go collection and distribution system with no actual accounts assigned nor assets accumulated in any individual's name. There is no Social Security Trust account; it is simply a collection of Treasury Notes giving the SS system the right to retrieve the excess collections that the congress siphoned away. In its simplest terms it is a government operated Ponzi scheme. Always has been and will be until it is changed.
Yes I earned the righttheright to get my benefits that come with the FICA Tax Deduction, my point was simply oto say that some peoplewho recieive Socialy Security, Food Stamps Legitmately get them, and itis not a case of them or me justbeing LAZYand not wanting to work
If you invest in a Comay by buying stock inthem, you haveearned theright to the divident you get back
But to say those wgho reveivie Siclay Security or Food Stampsare simply to lazyto work, I find that very wrong, I worked my entire life well over 40 years
Yes I did buy someting, i bough the righ to have Medical Insurance when I stopped working, by my FICA Dedcution weekly
My FICA decition was to insure I recieived money when I did stop working, like if you buy an insurance policy through and insurance company, say auto insurance, you pay a semi annual premium forthat you gt into a car accidfent, you pay the deductable buttheinsurance company pays most of thecostofrepairs, my FICA paymeny insures me the say righ,ti can't wrok i go to my "Insurance Polivy" via my FICA paymentys and they pay for what i need to me Scialy Swecirty and my FICA paymentst are no different then the premium you pay for health, auto or life insurance,
Last edited by StrictMasterD; 09-21-2011 at 08:08 AM.
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