Social Security: The Grandest of Deceptions

10
2847

Sen. Mike Lee put up a controversial thread that shows how the american people have been snookered over Social Security for decades. A lot of us know, but many don’t think about it and what a scam it has turned into.

He says the Social Security Act has  even employing ‘deceptive sales techniques’ to the American public.

if you didn’t know this, you will be shocked.

REMAINDER OF THE POSTS

Every few years, there’s talk in Congress about “saving Social Security.” I’ve introduced and cosponsored a number of measures over the years that would fix it. But most in Congress show little desire to fix it, and are instead constantly looking for ways to “borrow” from it—with no plan to put it back.

And the returns? Forget about compound interest or stock market gains. Your “investment” in Social Security can give you a return lower than inflation.

If you had put the same amount into literally ANYTHING else—a mutual fund, real estate, even a savings account—you’d be better off by the time you reached retirement age, even if the government kept some of it!

Do the math: with Social Security, you’re looking at a return that’s pathetic compared to market averages. It’s not even an investment; it’s a tax.

And let’s talk about how this system is set up to fail. The demographic shift? More retirees, fewer workers. It’s almost fair to compare it to a Ponzi scheme that’s running out of new investors.

Every dollar you pay into Social Security, only to see it gobbled up by the government itself, is a dollar you can’t invest in your own future. It’s government dependency at its worst.

Remember, this isn’t just about retirement. It’s about independence, about controlling your own destiny. With Social Security, you control nothing.

The government promises you security but gives you dependency. It promises ownership but gives you a tax receipt.

And don’t get me started on the management. The Social Security Administration is a bureaucratic behemoth, not exactly known for its efficiency or innovation.

If you think your money is safe there, you’re in for a rude awakening. The mismanagement, the waste, the deception—it’s all on display.

So, what’s the solution? We need real, genuine reform. Within the Social Security system, Americans should be able to invest in their own future, and not be shackled by the worst parts of this outdated, mismanaged system.

It’s time we acknowledge the truth: Social Security as it now exists isn’t a retirement plan; it’s a tax plan with retirement benefits as an afterthought.

We were sold a dream, but received a nightmare. It’s time for a wake-up call. We need real reform.

It’s time for Americans to know the true history of the Social Security Act. The more people learn the truth, the more they’ll start demanding answers, options, and real reform from Congress. Please help spread the word.

The history of the Social Security Act—which sadly must include the deceptive manner in which it was sold to the American people—is yet another reason why America’s century-long era of progressive government must be brought to a close.


You can comment on the article after the ads and subscribe to the Daily Newsletter here if you would like a quick view of the articles of the day and any late news:

PowerInbox
5 1 vote
Article Rating
10 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Zazu
Zazu
5 months ago

Next to “climate Change”, Social Security is one of the biggest Ponzi schemes ever created. Out of an average lifetime salary of $40k per year (lifetime earnings of $1.8m); you will pay 6.2% of your pay (+ 6.2% that your employer pays totaling 12.4%) for roughly 45 years ($223k lifetime investment) and all you get back in the end is about $1800 a month for maybe 8-10 years (assuming an average lifespan of 77 years and retiring at 70); or roughly $24k a year totaling $190k.

Now, if you took that same 12.4% lifetime investment ($223k) and invested and managed it, over the same 45 year period, you have received an average return of 11.87% (50 year stock market average) a year you would have $2.65m! And that’s without considering compounding the interest! Meaning for that same 10 year period you could potentially have a yearly income of $265k, or $22k a month.

Last edited 5 months ago by Zazu
RevJay4
RevJay4
5 months ago

“I’m from the government and I’m here to help you…”. What Reagan said has been true since governments were invented, including the boodoggle known as social security.

David
David
5 months ago
Reply to  RevJay4

Yes, and we are glad to see you and your hep…. (second biggest lie)

Roger V. Tranfaglia
Roger V. Tranfaglia
5 months ago

Invoke an LLC and PAY YOUR OWN SOCIAL SECURITY!
NOT THE FEDS!!

John Fender
John Fender
5 months ago

You still need to pay into Social Security. You actually get to pay DOUBLE because you pay the employee’s share and the employer’s share.

But I agree that for many people being self-employed is a good deal. It is not for everybody

Sua Sponte
Sua Sponte
5 months ago

It’s always been a scam. If you honestly think government will take your money, invest it wisely and set you up for a comfortable retirement, well, you deserve exactly what you get…

MACVSOG
MACVSOG
5 months ago

Yup, 1935, the politicians screwed we the people; a continuation of 1913; when they gave us the FED, IRS, and NON ratified 17th Amendment.

MACVSOG
MACVSOG
5 months ago
Reply to  MACVSOG

The Social Security Act was a Democrat Republican joint venture; 372 yeas, 33 nays, 2 present, 25 no vote. FDR was really lookin out for us.