THE SOCIAL SECURITY SCAM
You are Being Robbed
It is no secret that Social Security, Medicare, and other entitlement programs are complete and utter failures. What may be less obvious is the actual amount of money that you are losing out on by paying into these evil schemes. As I was looking at some pay stubs the other day, I took notice of how much was being taken out for Social Security and Medicare. I was literally fuming in my chair, and it was as if Earth’s pressure had dropped to 50 pascals, because my blood was boiling. I decided to run some numbers to see what kind of retirement benefit I could achieve by investing that money on my own. Since most of you probably don’t have the inclination or know-how to do this yourselves, I think it is only fair that the extent to which the Federal Government is fucking you be quantified.
Let us start off with Social Security. Assume you make $40,000 per year (and you will never receive a raise, so this will remain constant throughout your career). This means you are probably currently paying roughly $50 dollars per week into Social Security. I went onto the Social Security website and found a benefits calculator. I entered my current age, my expected age of retirement, and it popped out a figure of $6217 (in future dollars) that I would be able to receive per month. If one were to instead not pay into Social Security but invest on his own, assuming an investment of $50 per week, a 44 year investment horizon, and a 7.5% average return over the horizon, and upon retirement shifting one’s assets to less risky investments, and assuming a 5.5% return for the retirement period, it is a much different story. Under those assumptions, one would be able to take out $8336.80 per month for eleven years. If you are wondering where the eleven year assumption came from, it is from the website’s life table which lists the future expected lifetime for someone my age, and I therefore assume the online calculator used that number when computing its benefit amount. To understand the absurdity of this, consider a few things. First, I assumed that I will be investing $50 per week for the rest of my life. Surely there would be inflation and I would invest progressively more each year. I could have done some kind of arithmetically or geometrically increasing payment scheme, but only the ending numbers would have differed (i.e. they would have been higher), and the conclusions drawn would be the same, and I wanted to keep things simple for you guys. Second, with that retard assumption of $50 per week forever, one is still able to make $2000 more per month than the Social Security benefit…wow, you have got to be fucking kidding me. You could literally go give money to some retard with a CFP® every week and be much better off than Uncle Same could ever leave you.
I won’t go into quite as much detail about Medicare, but assume you pay about $10 per week for Medicare. Under the same investment assumptions as above, you would be able to draw out about $1667.36 per month. If you were wise and wanted to allocate that to future medical costs, I hope you are in good enough shape to find a policy with a premium under $1700 per month. I bet the severely fucking retarded Hellen Keller, her pre-existing Mongoloid conditions notwithstanding, could find health insurance cheaper than that. Let me explain how simple it would be to put away $10 per week in some investment fund. To put it in terms of currency that some of you may be more familiar with, that means you would have to eat about four less boxes of hot pockets per week. That fucking simple! Shit, if you stopped eating hot pockets, you probably won’t be paying health insurance premiums out of your ass because you wouldn’t have rectal cancer (ha, ha, no pun intended).
If you weren’t convinced before that these two programs are pathetic, I hope that now you are. I’d be happier paying $50 a week to see entitlement programs collapse than to ever see a dime from Social Security.
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