My definition of Social Security:
Contributed by a Homer/Lockport Tea Partier – RA, Flossmoor, IL
Government mandated stealing 7.65% of my paycheck with government mandated 100% matching funds from my employer.
This is now called a retirement fund by many on the left and they argue the poor and illegals pay taxes.
At age 65, 40 years of work at $50,000/yr = $306,000 in contributions.
Average Soc. Sec. check $1080.00.
Life expectancy 78yrs. i.e. 156 months of benefits.
156 months x $1080 = $168480
Where did the other $137,520 go?
After spending our government mandated retirement account the goverment want us to send them more money to keep getting what they stole from us.