My Personal Social Security Horror Story
If you look at the annual Social Security statement that the Social Security Administration (another government
bureaucracy) sends you every year, they will tell you exactly how much of YOUR money you have had confiscated
from you by the government without your consent.
Fortunately, I have been steadily employed since 1981, when I was 17 years old, and as such, have had to
"contribute" 13.4% of my hard-earned wages (INCLUDING the "employer's match") to this scam WITHOUT ANY
CHOICE in the matter. Even though I have voted in major elections since 1984, this scam is still in place, threatening
our country's financial future, as well as being a major obstacle to American worker's potential prosperity.
As of end of year 2006, I have contributed $66,796.00 and my employers have "matched" (from money that
SHOULD have been in MY base salary) this amount ($66,796.00). This would be a total of $133,592.00 and I have
at least 12 years to add more "contributions", before I GET OUT OF THE SOCIAL SECURITY SCAM BY RETIRING.
Once an employee stops working, the government cannot confiscate FICA and Medicare TAXES from the worker
anymore. If you don't save your money as you work, the government will see to it that you must work until you drop
Now you may believe that I currently have that $133,592.00 in an account somewhere, but that is not the case.
I (and all other Social Security contributors) currently have NOTHING in our Social Security account, because there
ARE NO SOCIAL SECURITY ACCOUNTS.
You must also remember (EACH AND EVERY TIME YOU THINK ABOUT YOUR OWN CURRENT SOCIAL
SECURITY CONTRIBUTIONS) that MY $133,592, IF ACTUALLY INVESTED and a earning 9% return, would
currently (2006) have a value of $580,882.
As I said earlier, I have more time to contribute, but EVEN IF DID NOT CONTRIBUTE ANY MORE OF MY
HARD-EARNED WAGES; that $580,882, earning 9% over the next 12 years (WHEN I COULD DECIDE TO RETIRE
AT AGE 55, NOT AT AGE 67, as the Government says I CAN, in order to collect my Social Security "benefits" of
$1,000 per month), would have a value of $1,703,632.09.
Do YOU see how much we, the American Workers, are being RIPPED OFF?
YEARS=12 (example of my remaining work years)
PERCENT YIELD = 9.0
INITIAL BALANCE = 580882
MONTHLY CONTRIBUTION = 0 (the TOTAL would be MORE, as I would contribute until I neared retirement)...
Potential LOSS of Social Security contributions IF it was INVESTED and earned 9%
WAKE UP AMERICA.....You have been brainwashed to accept MEDIOCRITY!