Many people need to rely on Social Security and worked hard to earn the benefits. You are wealthy enough Nick to never have to rely on it, so why are you bitching about it? You’ll never need it or use it…
How could the government pay you interest on money that was poorly invested and heavily borrowed against over your entire lifetime? Basically they don’t have the money. The government has never been able to handle money. The present administration has absolutely no idea how the economy works, how to invest money, or how to earn it. Good luck with any crusade you might endeavor to rectify any of that. You will need it!
Everything is held in “escrow”. Insurance companies pay claims not from our premiums, but from the interest from investments that they have made from our premiums. No different from SS and how our government works.
Weather a “scam” or not, I want the money back that they took out of my paychecks. Anyone disagree with that?
No! There was only 500 dollar difference in the monthly amount. Since I was eligible at 66 and 4 months I multiplied the time I had to wait (44 months till 70) by the monthly amount I wasn’t collecting and determined that the 500 increase I gained at 70 would take too long to make up the amount i gave up waiting (44 months). I would break even at 84 and 1/2 years old.