Well , after reviewing a few recent videos on Liveleak & Youtube about the various protests/marches that people are having here in the US for things like more welfare, universal healthcare , and the like I’ve started to get very angry.
Why am I angry?
Because my generation has been fleeced by our parents and grandparents. Politicians made a choice before I was born that I would have to bare the burden of heavy taxation for the previous generation’s stupidity.
Social security was formed in the mid 30s in a political attempt to quell the American’s worries about money and the future. Mind you , the 30s saw many communist ideas being brought to the US by Marxist Russians to spread communisim to a new country. Many Poor Americans felt like they could relate to the message of communism , that is “Making All Men Equal” by punishing the wealthy for having money and giving their earned money to everyone else.
Like many ideas thought up by politicians , Social Security was a scam from the start, people would pay part of their paychecks into a government system, which then would “Invest” the money for them, and hold it till they “Retired” (Something that had never existed before SS came into play). Many Americans were sold on the idea with the picture of the first check being handed out to someone who incidentally had never paid a dime into the system.
Believe it or not , Social Security was a scam from the start, the age in which benefits would be paid out to a individual started at 65, while the average lifespan of an American during the 30s was about 59.
This is a picture of Ida May Fuller getting the first US Social Security Check
Because of the fact that Social Security was at that point, a rare occurrence for individuals exceeding the average life expectancy by 10 the government got what it wanted – More Taxes. See , social security money is put in an account, and then used to buy Government Bonds, giving the government the ability to create more debt for itself.
Now , fast forward 70+ years later, and we’ve got an absolute mess on our hands. People are living longer, and fewer people are entering the workforce, the great ponzi scheme is now running out of money at a rapid rate, expecting to run out of money by 2016.
So , what is the government considering to prevent social security from running out, and not putting elderly people who never planned for the future? They want to raid my bank accounts (401k and IRAs) and take my hard earned money to pay the debts of a previous generation.
See now? Politicians have been selling the same dang thing for 70+ years , that is the “Promise” of a easier life, regardless of who has to pay for it.
Unfortunately the time of reckoning is approaching, and one of two things will happen – I’ll be robbed of money I’ve worked hard to earn , OR benefits will be cut/eliminated to current recipients potentially putting millions of elderly people on the streets.
What’s the answer? I’ll get into that later, but for some reason no one likes it.
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