If social security is privitized, i want the option to withdraw every dollar I have ever contributed and invest it how i see fit...even if that is stuffing it in mason jars and burying it. Private means private....I can do (or not do) anything I like with it.
Not just what YOU saved for retirement by participating in Social Security, but what your employer contributed, because that is YOUR pension. Every bit of it is ours.
That math isn't going to work out based on your paycheck contributions - because they're not going to return employers portion to individuals. P2025 said they wanted to return admin to the states. So, if you're in one of the usual bottom of the statistics states, time to reconsider living quarters.
CT, so probably better off than most. Still....they are trying to put a genie back in a bottle...and if they do, we should all demand the FULL contents of the bottle. Employer contributions too...just like a 401k/403b. Its our money.
Live in Canada.
Our last Prime Minister Stephen Harper increased the age for receiving OAS (Old Age Security) from 65 to 67. Our present Prime Minister Justin Trudeau dropped it back to 65. Would have cost me thousands of dollars to give the rich a tax break.
Good luck with that. You will have NO recourse to complain. But refusing to pay taxes by millions of people will solve lots of these problems in a few days.
I was just trying to look up exactly what my friend was saying. He said, if you take Social Security away from people who have been promised it since they were little, it's a crime against humanity. The ICC would come and make arrests, as there's no way many can work and it may cause death.
The only way forward is to protest. When protests are illegal, refusal to pay taxes. When they garnish your wages, total work stoppage. That is the way forward.
What if we could have all Americans just stop paying taxes, default on all loans and lines of credit. Sure, your credit rating will drop, but banks will lose more, the same banks that own the housing market. To hurt the rich, you have to stop playing the game by their rules.
In the same vein, withdraw all money from all financial institutions. Imagine the chaos if everyone just simply withdrew their money and closed all bank accounts, throw in withholding any and all taxes from the government to prevent the corprate WHORES from bailing out their shareholders.
And full reimbursement of what the Republicans stole from that fund before they return monies (with a detailed report of what we paid in over our lifetime- but I'm sure Mush will delete that info to now reflect $0.00) which is why it's waste.
You can print out that report from the social security website. It's quick and easy. Just create an account. I'd suggest doing it before they take it down! I did last week.
Repayment of those borrowed funds started in 2020 and will be paid in full by 2032, Christine.. Maybe we should focus on what the real issue is instead of promoting social media myths..🤔 Feel free to read & understand.. Can’t fix if we don’t understand …
Thanks for the resource. Since there is no specific mention of the repayment, is that amount included in 2034 projected exhaustion date or should it extend it out a bit further?
I'm a visual learner so actual amounts/examples may have helped me better understand.So no chance of it being cut, ever?
I have been trying to find where aI
Got that repayment information and as soon as I can relocate it I will post on my profile.. Our real issue is that the current and future workforces are smaller than the Boomer generation so fewer paying on after they retire..
Those working age immigrants that are deporting would help fix that quickly since per Forbes that will be out only source of Labor growth in the future ( would also fix the current labor shortage)
I actually believe it was since that is helping fund current benefits since
It is repaid to the SS Trust fund.. The 2034 date is after all repayments are made and also after all eligible Boomers retire ( last eligibility date is 2030- then Gen X starts retiring )
If they kill Social Security, they owe us every dollar! Our contributions, employer matches, plus interest and investment gains. A single worker retiring in 2020 paid $470K, while a couple paid $680K. Workers contribute 12.4% payroll tax (6.2% each from employee/employer)
I want a refund of it anyways, I’ll never get a dime of it as a teacher. I don’t qualify even though I’ve worked jobs that have paid into social security over the years.
I want all blue states to intersect all federal tax funds and keep them in there blue state. I resent and tax going to fascist Washington DC. All blue state governors and AG need to get on this ASAP.
AGREE! States should should stop sending funds to the Fed gov’t during this administration. Talk about fraud and waste! It starts at the top! A bunch of thieves that think everything belongs to them. FFS.
I knew me always saying red states deserved what they got in leadership would come back to haunt me. Lived in CA most of my adult life and returned to MI to retire. Red state mgmt of anything federal means it's all going to hit the skids like ten. Take it back.
You also need your employer's contribution to SS on your behalf because,if there were no contributions to SS, that would have been part of your salary.
Oh no, your employer will get their contributions back, you get bupkiss. One of the dumbest arguments I've ever heard for getting rid of Social Security is that without it, your employer would just give you their contribution in the form of a larger salary. Because the rich care about fairness. 🤣
Republicans have used that extra money for a flush fund. Always dipping into it. To receive full benefits, you have to be 68. Raise from age 62. They will keep raising the age until most are dead.
To be fair I believe the democrats have also dipped into it. But no one should be doing this. And the fact that Elon Musk has accessed the data should make everyone concerned.
I’m 63, trying to make it to 65, but it’s getting harder all the time for me to work & take care of my husband who is disabled & in need of extensive health care.
& w/COMPOUNDED HIGHEST INTEREST RATES- IN ADDITION TO COMPENSATION for UNRECOVERABLE-LOST INVESTMENT OPPORTUNITIES (TIME for ELDERLY, RETIRED, DISABILITY MAKES RECOVERY OF LOSSES IMPOSSIBLE 🆘👎🏻)
As Tesla stock plummets Elon Musk starts to freak out because x is secured w/loans from Tesla company. As he loses $ in Tesla he has a lot of stock of himself he also will lose x cuz the loans from the banks will be called in. We are looking at the implosion of Elon Musk & his billions bahaha is 😂
I’m hopeful, but I think a lot of “foreign investors” own x. I’d love to watch that idiot manchild melt down. But if Big Macs haven’t claimed iq45, I don’t think vitamin k is going to save us, either.
I've been saving my social security statements so I can put together an itemized bill of what I paid for every year of the 45 years that I have been a taxpaying American worker.
Plus, did you know that your employer pays in the same amount on your behalf? We should be entitled to that too!!!
And worse. The government is openly hostile to - and robbing - large swaths of citizenry and openly enabling militant and criminal supporters. Not to mention the paramilitary gun culture it spent the last 6 decades cultivating but has little control over and now, itself, fears. #bankrobbers
The point I am making is that NOTHING will stop this, NOTHING will deter them, It WILL continue to get worse until they start experiencing personal consequences.
If traitor Trump, that foreigner Musk, and the GOP are allowed to bankrupt Social Security, any guess as to how many elderly homeless will be on American streets?!
Congress has been using funds from social security treasury bonds to cover deficits since the 80s. All the sudden outrage is manufactured by political bs.
Sadly, the DOGE Muskrat doesn’t care what belongs to us or what we’ve earned. He’s only interested in stealing it for his own personal use. I wouldn’t be surprised if they aren’t already electronically siphoning off portions of it.
If the orange turd chooses to dissolve SS, that may be the straw that breaks MAGA’s back and turns his cultist supporters against him. There would definitely be rioting in the streets.
Indeed. To me, my SS pays for the 14-hour days when I was flipping burgers while in college, the stale cigarette smoke I endured working in a casino, the insults I took as a collections agent, all the crappy jobs that I had while I was in the private sector. Oh, they gonna PAY me what's mine.
Yeah, me too, but if they’re gonna take away the Social Security, they’re gonna keep the money that’s in there. And I won’t get any of it including widows benefit. So I want the original investment or at least what portion of it still remains from two dead husbands.
10000000%. otherwise it's straight theft if they take it. also dont forget that interest you accrued. they owe you that too cause you could get that if invested it yourself. these guys are so F'd. they aren't gonna get away with it all. smh.
As we ALL should! Log into the social security website and print out and save a copy of what all you are entitled to as of today. Keep that updated figure in case amounts change or disappear.
It's only fair. I shouldn't have to bail out some elderly people in a woke DEI program because I contribute to my own retirement plan. #sarcasmforthedummies #saltyaboutstudentloanforgivnesshaters
@plantpowered1971.bsky.social sadly that is not how Ponzi schemes work. All the more reason to not wreck the economy as GenZ will be picking up my bill provided I live that long
PSA: nation cannot save for its future in terms of a currency it issues. Not spending money now doesn’t necessary mean resources will be available to support you in the future
A $49 increase is what SS recipients can expect from their government while sending billions overseas for all manner of evil. That's cruel. This government doesn't care about its own people and the elderly fare the worst
this is a plank of project2025. no more SS, instead everyone is on their own for savings/retirement. this is excellent for the financial industry, and fine for privileged/wealthy/educated people, but a path towards destruction for the mass of citizens.
Everyone go into your SS portal
Or create one and download your earnings statement. There you will see your entire work history of what you put into the system versus your employer(s). Very eye opening. Do it now before the DOGE boys wipe it out. And I agree with everyone here.
Comments
Our last Prime Minister Stephen Harper increased the age for receiving OAS (Old Age Security) from 65 to 67. Our present Prime Minister Justin Trudeau dropped it back to 65. Would have cost me thousands of dollars to give the rich a tax break.
What will it take for us to get it though, a revolution?
The only way forward is to protest. When protests are illegal, refusal to pay taxes. When they garnish your wages, total work stoppage. That is the way forward.
https://www.cbo.gov/publication/60392
I'm a visual learner so actual amounts/examples may have helped me better understand.So no chance of it being cut, ever?
https://meetbeagle.com/resources/post/which-presidents-borrowed-from-the-social-security-fund
Got that repayment information and as soon as I can relocate it I will post on my profile.. Our real issue is that the current and future workforces are smaller than the Boomer generation so fewer paying on after they retire..
https://www.forbes.com/sites/stuartanderson/2024/10/16/immigrants-will-be-americas-only-source-of-labor-force-growth/
It is repaid to the SS Trust fund.. The 2034 date is after all repayments are made and also after all eligible Boomers retire ( last eligibility date is 2030- then Gen X starts retiring )
But yes, Republicans are corrupt and have no humanity, they do not care how many will die, as long as they get their own personal benefits.
Unfortunately, I don't think it will work like that ... ... ... ...
🤬
Plus, did you know that your employer pays in the same amount on your behalf? We should be entitled to that too!!!
The problem is gov can attach wages and bank accts, the real deterrent.
But the gov isn't legit, nobody should be paying a cent for it.
Sorry. It's now stuck firmly in my head, so you may as well hear it, too!😆
AUDIT NOV 5 ELECTION IN SWING STATE.
WE STILL HAVE TIME
https://bit.ly/demandforensicaudit
The point I am making is that NOTHING will stop this, NOTHING will deter them, It WILL continue to get worse until they start experiencing personal consequences.
Personally, I hate MF'g thieves
and messing with SS is the same as breaking into my house in my book.
Every single penny to every single person that has paid into it !!!!
DEI was everywhere in 1933.
Bernie has been consistent and right all along.
I'll take direct deposit (after I open an off shore account.)
Under Trumps “pick-your-pocket” executive action.
WITH INTEREST!!! 🤬
Or create one and download your earnings statement. There you will see your entire work history of what you put into the system versus your employer(s). Very eye opening. Do it now before the DOGE boys wipe it out. And I agree with everyone here.
It’s hanged.