(10-10-2017, 09:13 AM)jj82284 Wrote: Actually, social security is the problem, not the solution.  It isn't a system that you pay into and then have a return on over time.  That's not the way the system is designed.  The dollars that you pay in today, through the most regressive and onerous tax on the books, goes to pay a current beneficiary through an age based welfare system.  

As for "The only way that someone can make it..." In reality, the challenge is that when you look at the total compensation that an employer is paying to the employee then over 10% goes to payroll taxes, including social security contributions.  If any worker was allowed to have that amount of money work in the private market in an open end investment company (mutual fund) then there would be a boom of generational wealth for ordinary working people.