Gipper
Well-Known Member
What about someone like me? I am still young. I am paying into Social Security, but what if I die at 45? I will have gotten nothing back. CATO did a study a few years back that found I needed to basically live until I was 90 to break even in Social Security. What are the odds of that?
Plus, it gets worse. Every year I pay off the Social Security tax fairly early, but now, the idea is to just have me pay that tax with no cap, (more money I won't get back), and to add insult to injury, now BOTH parties seem to want to "means test" me out of getting any real benefit -- because I don't need it.
I may not need it, but it is absurd to demand I pay more into a system under the idea I will get some benefit back, and then means test me out of getting any benefit.
Why can't I just opt out altogether? I don't want Social Security, and it is insulting to demand I pay more for a "benefit" that both parties are beginning to acknowledge they will never give me.
Hey....you are rich chump....pay up and shut up...says Uncle Sam.
You will not be alone my friend. SS will soon be means tested and anyone with assets will not receive benefits. It WILL become a welfare program. I laugh at the annual statements the SS Administration sends me and my wife each year. There is no F-ing way we will ever receive that money...because we worked hard, saved our money, and have a nice net worth.
And you do have options. Leaving the country is one. I suggest you consider it if you want to keep your wealth. Because eliminating SS benefits is just the beginning. They will take much much more before they are done. An off-shore bank account is a must.