(02-05-2021, 06:32 PM)jagibelieve Wrote:

(02-05-2021, 06:07 PM)StroudCrowd1 Wrote: I can literally tell you how much I have given to SS through my payroll since I was 15. I'm saying I'd rather have that back to invest myself and forego collecting any SS when I retire. This entire thread is based in hypothetical concepts that will never come to fruition.  I offered my own.

Most people think that SS is something that they "pay into" then get "cash back" when they retire.  That's not how it works.  Most people think that SS is their "retirement plan".  SS should have gone away a long time ago.

But you literally do "pay into" it on a maximum income of $142,800 a year, a nice increase from last year. 

Sure, you may end up on top if you live a long life, but the government is winning that bet most of the time. The system is built on employed people paying into it and counting on people not living long lives. It is a house of cards. I feel like my generation (42) will be the last to receive it.

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