Am I the only person that thinks social security should be done with??

Question

I think social security is stupid. I dont want the Govt taking away like 10% of my paycheck, just so I can get it back when im 65. For one they are not going to pay me as much money as they took away, and secondly I could be doing much better things with this money. Im an investor and would greatly appreciate that extra money each paycheck to put into stocks. Yet they find it necessary to take it from me so I can be protected when im 65.

Ive got a better idea. How about educate the young citizens of America (like myself, im 15) how to save money, and teach us the value of money and how to make it work for us (stocks, mutual funds, CD's, etc.) so we can retire comfortably??

Am i the only one who feels this way, and am i wrong? If so please point it out to me without being an ***.

The people should buy the stocks themselves. Like i said, teach the youth. Or they could go to a mutual fund if need be.

Ive only paid a couple hundred in taxes from lifeguarding. but I would much rather have that $200 and have it invested making the 40% ive made in 4 months than sitting there waiting to be given to me when im 65.

Ted, i already know how to invest. I trade stocks all the time. Please do not underestimate my intelligence;-)

CD's arent risky at all. A guaranteed 5% gain. Only problem is you cant touch the money for a period of time.

Answer 1

You are one bright kid! I am 34 and would gladly let the gov keep what I put in if I could get out of it now. The only way I could make out is if I died than my family would get benefits. And I dont think that is really making out on the deal. It is a fiasco of a social program and national health care would be a similar mess. Any program where you pay more and get less than others is no good in my book.

Answer 2

Clearly your not the only person who thinks it should be done away with. I think you have it wrong though. They aren't taking it out for you for when your 65, they take it out to pay back the people who are 65 now! If they didn't take it from you where would that money come from? Whats more you won't get it back when your 65. Assuming that we still have a social security program then, you will probably have to be more like 80 to collect because as I understand it Social Security is going bankrupt.

Even though my whole first paragraph is negative and sarcastic and stuff, I think it was a good idea and if they could figure out how to fix the system I would be all for it. Some people can save and invest and retire comfortably but lets face it most of America is in debt and thats because most of us don't think ahead and save for the future so its nice that the Government would try to help us out with that or at least it would be nice if I had any confidence in the system.

Answer 3

Interesting idea BUT how about all those millions of folks already on Social Security? Remember they've been paying into the fund for 30 years or more and many have little if any other means to meet the needs of bare sustenance. You just going to stop their monthly checks??????????

Answer 4

So at 15 you have paid how much in taxes??????? So who do you think should be buying those stocks & bonds for the people already 62 plus???

Answer 5

They take it from you now, to pay for retired people living now.
How would they exist if we stopped paying now?
Aren't stocks,mutual funds,CD's etc risky?

Answer 6

OK. open this link,, sign up for their newsletter. Think of it as an online course in investing.

Answer 7

i agree, the savings from firing all the ss admin employees alone would be staggering

Answer 8

i agree with you. right on