Some facts I know:
1. All Ponzi Schemes fail at some point.
2. There is no trust fund for this system.
3. People who pay into SS doesn't have an account building interest.
4. The government owes the SS with IOUs.
5. The system is NOT a contract (in other words it can refuse to reimburse me on my retirement).
I know that 50 years from now, I will not be getting paid from this idiotic government program.
Given my age it is actually riskier for me to be forced to pay this rediculous tax (aproximately 8.5% of my salary), than to do investments for myself.
In the long term, I will get better profits from investing this 8.5% of my salary. And it's far less riskier.
So how do I stop paying this crappy system when I know for sure that I will lose money in this system?
2006-11-13
03:25:43
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11 answers
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asked by
Jerry H
5
in
United Kingdom