social security
A
pyramid scheme run by
the US Government. They promised to take your money to
invest it for you so you'd have enough money to retire on, but from the very beginning they've just paid the people who are over 65 with the money sent in by the workers under 65. For any other organization to do this would be illegal. They don't make any real investments at all. They only 'invest' in other government agencies, which means they'll end up being paid back with yet more tax money taken by force from hard working Americans.
social security
by youknow2 on May 09, 2005 15:43:40
A pretty
bad deal, expect less than a 1% return on your 12.4%
payroll tax. Also, reduces the ability and
incentive to save for retirement. Involves no creation of wealth, and the Supreme Court ruled that you have no right to social security funds, thus your benefits are highly politized. Maybe its time to start thinking about taking care of ourselves...
social security
by the1calledfeeny on Feb 07, 2009 01:56:23
by
TRILLIONS the biggest
ponsi scheme of all time. Basically the Federal government doing the same thing that
Bernard Madoff did but to multiple generations of americans.
social security
by Anna Bananas on Dec 19, 2007 01:31:31
A
federally run scam that pays less than 1% interest, even though the average inflation tax rate is about 2% year.
Pouring money into this system is pouring your money down a
rathole, even though we are required by federal law to do it, most likely so that the criminals in D.C can
pilfer it for their own needs.
Social Security
by Downstrike on May 31, 2004 18:40:00
A duh-weebish
Administration within the U.S. government that is so incoherently ran that if
NASA operated the way they do, ALL their
shuttles would explode.
Social Security
by Lionic on Mar 08, 2010 09:12:12
Social Security
by nbakuchev on Jun 07, 2010 01:55:09
Originally created to help the unfortunate during the Great Depression, it turned into a multi-billion dollar
ponzi scheme that will never be voluntarily abolished due to the
lobbying power of the
AARP and the fact that old people vote more. Social security takes a little over 20% of total expenditures, and the privileged gerontocrats that lived long enough to receive it get three times the amount they paid in the first year of receiving benefits. Most Gen Xers and Millennials will never see a penny of the
FICA money they paid in because economists estimate the money from social security will run out by 2030.
Example:
Guy 1: "Man, I'll never see a penny of
social security money."
Guy 2: "That's because
teabagger baby boomers are going to suck off all your hard earned dollars while simultaneously asserting that socialist programs need to stop."
Social Security
by david smith, jr. on Jul 04, 2009 12:21:05
Example:
Social Security should be
abolished, not privatized.
social security sex
by pink champagne on Jul 29, 2010 07:33:58
Example:
"
how's you bedroom life"
"ah, just social security sex at this point"
"?"
"you know, get a little each month, but
not enough to live on"
"ah"
social security baby
by paperchasinasian on Nov 02, 2017 03:48:54
someone who grew up living only on social
security income;
checks. Someone coming from a struggle. Majority of the family income comes from the government.