Is the Social Security a ripoff to the American workers ?

Question

We all know that the government takes our money and when we reach a certain age we get back some of it , but would we not be better off if we could invest some of that money in a private retirement account. All calulations show that americans would be getting between 2 and 3 times what the government now pays, and here is the huge injustice if after 40 years of work and hundred of thousands of dollars paid in, you drop dead on your 60th birthday the government keeps all that money at least if it was your account you could leave that wealth to your heirs the average black male lives to about 62 that means he is contributing to a system without any return on his investment if this is such a good system why is congress exempt from it.

Answer 1

I think Social Security is a rip off simply because in only a few years there will be no more money because the Democrats have been raping the coffers for other projects and state headed pork so they can impress voters. The older Americans who have paid in for all of their lives, may be receiving payments now but how long can it last since the money has been spent and little of it has been paid back. That is a sad state of affairs for those who will be eligible in 10 years. Then what about the laborers that are paying in faithfully now? If something is not done and soon, even those people will get nothing back when they retire.

I agree that privatizing medicare is the safest and best idea. The problem is that Bush has been advocating this for years and the Democrats in congress have always shot the idea down. They want this to be a socialist country and have all the people completely dependent on the government. Come on!! If that doesn't even work on a minnie scale, then what would happen on a huge scale. The bottom line is that the Dems want to control all of that money and would not be able to if the system were privatized. Why is congress exempt? I think it is because they get a better deal just taking it from us. They can then launder it or put off a plan to pay it back which we know will not happen. Why do you think they want to raise our taxes? They really want us to pay back what they stole even though what they stole was rightfully ours. The richest people in the congress and senate are Democrats like Ted Kennedy, John Kerry, Hilary Clinton, Al Sharpton, (among other billionaires). NONE of these guys pay income taxes because the keep all of their fortune in off shore bank accounts in the Cayman Islands and Switzerland, etc. TAX FREE! We do all of the work and barely etch out a living while supporting the government fat cats who do not even pay their taxes on what they steal and what we pay them as public servants. Then when it comes the time to collect our Social Security checks, there is little or nothing left.

Answer 2

The government doesn't give us any money back. When we're old, if social security is still in place and we draw money from it, we will be living off of other people's taxes who will be in the work force at that time. The social security that we pay right now is going to the people who are currently living on social security. It doesn't go into an account for us for the future. So, yes, definitely start your own retirement account!

Answer 3

yes