"DSK" wrote in message
. ..
Bill McKee wrote:
You lie.


Let me get this straight- you've stated that one can buy a private
insurance policy that will cover everything Social Security offers,
cheaper... and you say that I lie.


You can buy and invest the annual amount of SS contributions and get a much
better return. SS has an annual return of -0.1%. Pretty easy to beat that
return.

You claim that Social Security is an investment program that should offer
better retirement income... and you say that I lie.


Never said that. I said SS is a poor return on the money contributed.
There is no investment to SS.

I made no false claims. You lie again.

Apparently, your idea of "truth" could be better defined as "any fact
which makes me uncomfortable.

And you have no better way of grasping reality than to call others names.

Getting back to Social Security:
... I paid in, I will take the money.

But it's not your money that you're taking. It's an entitlement that comes
straight from other's tax payments. No better, morally, than welfare.



Who exactly is "living large" on Social Security?


And you apparently can't answer this question, either.

DSK


You are beyond comprehending. Go back to the first person who retired on
SS. She paid in about $26.30 and got back thousands. She is one of the
last people to get this big a return. Figure someone 80 years old. SS pays
them about $1600 a month and the wife gets 70% of her husband. That person
and their employer paid $660 a year until about 1964, They get a very good
return on their minimum contributions. Now lets jump forward to the 25 year
old making $85k a year. Also maximum payments into SS. They (and the
employer) are paying about 16%+ of the that $85k about $14,000 a year. They
reach 70 and they collect maybe $1700 a month ignoring inflation (which is
also ignored on the contribution side. They live 15 years and get a return
of $306,000 but they have paid in 45*18,000=$810,000 And you say they could
not get a better insurance policy for this much money. You better get a
better financial advisor.