UNCLE SAM and
The U.S. CONGRESS:
The REAL ROBBER BARONS
|Uncle Sam? Uncle Sugar? Uncle Satan? Take your pick|
We are Just beginning to realize that with the now-required automatic deposit to our checking accounts we never get to see an actual cheek from the government.
“So what?” you may ask.
Well, did you know that our SOCIAL SECURITY (now-symbolic, non-existent) “CHECKS” have recently been officially declared a FEDERAL BENEFIT PAYMENT?
I'lm sharing this information, because it touches a nerve in me, and I believe it should in you.
Social Security is not a benefit. It is earned income! Not only did we contribute to Social Security all our working lives our employers did too.
Our Social security is derived from a TAX totaling 15% of our gross annual income.
If you averaged $30,000.00 a year over your working life, that's close to $180,000 you and your employers invested in Social Security.
If you calculate the future value of your monthly investment in social security ––- i.e. $375 a month st a meager 1% rate of interest compounded monthly –– after 40 years you'd have more than $1.3 million dollars to your name. Do the math.
This is your personal investment
Upon retirement, if you took out only 3% a year, you'd receive $39,318 eachr year, or $3,277 a month.
That's almost three times more than today's average Social Security benefit of $1,230 per month according to the Social Security Administration
With that 1.3 million dollars your retirement fund would last more than 33 years. That means you’d be 98 when the money runs out, if you retired at age 65!
I can only imagine how much better most people earning an average income could live in retirement if our government invested our money in low-risk, interest-bearing accounts.
Instead, our dear Uncle Satan pulled off a far bigger Ponzi Scheme than Bernie Madoff ever imagined.
They took ––- and still take every single day –– our money and use it for purposes for which it was never suppsed to be intended.
They knew, of course that it was OUR money they were taking without qualm or conscience. They took it simply because –– like Mount Everest –– it was THERE.
They didn't have a referendum to ask us if we wanted to lend the money to them, and they’ve never paid us any interest on the money they improperly borrowed for “OUR” *(purely theoretical, non-existent) “Trust Fund.”
Worse even than that the word is out that the “Trust Fund” is n grave danger of going broke in the near future.
Is it our fault they misused our investments?
And now, as if to add insult to injury, they're calling our lifetime investment a a FEDERAL BENEFIT, as if we had never worked to earn a penny of it.
Just because they borrowed OUR money, doesn't mean they have any legitimate right to claim that the return we get on this invest is a form of Government CHARITY.
We have earned our right to Social Security and Medicare.
Bombard your congress creatures with mountains of letters, emails and incessant phone calls DEMANDING they use the powers WE as voters have granted them to bring some sense and decency into the way our government handles OUR money.
Find a way to keep Social Security and Medicare going,
for the sake of the 92% of our population who need it, and then rename it, and call it what it is:
EARNED RETIREMENT INCOME
|Your Uncle Sam in his truest guise|