In response to:

Duped by Congressional Lies

TexasVRWC Wrote: Jun 13, 2012 2:09 PM
Let me opt out of SS, let me keep the money I put into it and invest it (or not) the way I want to.
3129 Wrote: Jun 13, 2012 4:53 PM
It will never happen. Once the dictator has your money, it is gone forever. Obama has never met a tax he didn't like. Fire the lib incumbents. Dismantle the bureaucracy. Viva la revolucion.
Tired in Texas Wrote: Jun 13, 2012 2:13 PM
I've been asking to do that since the 1980's. Don't hold your breath.
The Lone Fedora Wrote: Jun 13, 2012 2:41 PM
IIRC, employees of the city of Galveston, TX, were allowed to do that. They have done better for themselves than they would have had they been compelled to stay part of the Social Security system. I propose that every worker under 50 be allowed to opt out, with the proviso that they must put that money into SOMETHING that has a chance of return.
The Lone Fedora Wrote: Jun 13, 2012 2:43 PM
PS. Eventually, under this system, Social Security would be defunct within 30-40 years, and we wouldn't have to worry about it any longer.
3129 Wrote: Jun 13, 2012 4:55 PM
Sounds suspiciously like Obamacare mandating health insurance. Fire the liberal incumbents. dismantle the bureaucracy. Viva la revolucion.
oldnjal Wrote: Jun 13, 2012 11:20 PM
You handed in a dollar, when you started working, that would buy several ice-cream cones, and get it back, after retirement, and it might pay for the cone.
So I don't feel bad is a worker gets a great deal more back than they ever gave into SS. But a good many smart people collect SS, and they, having a profitable business, in old age are finding they really do not need it.
I do not expect them to send it back, but it seems wrong that they can, legally, get more than they ever gave in.
'what a tangled web we weave, when we first endeavor to decieve'.
How simple it could have been if Government had not gotten involved.
I do not know of old Japanese in starvation, but Japan has no SS system at all.


J. Galt Wrote: Jun 14, 2012 4:09 PM
Like US Savings bonds, California bonds, green imaginary energy, perpetual motion machines, and other government approved investments?

Some of the responses to my column last week, titled "Immoral Beyond Redemption," prove that Americans have been hoodwinked by Congress. Some readers protested my counting Social Security among government handout programs that can be described as Congress' taking what belongs to one American and giving to another, to whom it doesn't belong -- legalized theft. They argued that they worked for 45 years and paid into Social Security and that the money they now receive is theirs. These people have been duped and shouldn't be held totally accountable for such a belief. Let's look at it.

The Social Security pamphlet...

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