Hi Steemians,
You have probably heard on Facebook by now that the Social Security checks will soon become the Federal Benefit Payment. Say what? That's my money that was taken out of my paycheck and I never had a say in it. Also I am not allowed to invest the money as I see fit. Look, there will be no money in there when I retire, but considering we are having a retail apocalypse and nobody has extra money to consume, the question becomes why wouldn't this insolvent United States government corporation not allow people to spend that money now and help the economy.
Dave over at @x22report has done a fantastic job warning people about this upcoming reset/crash but most people don't even care or they are totally unaware. The bible says, "My people perish for lack of knowledge" and that is true on every level, physically, mentally, emotionally, spiritually, and even financially.
This is a quote from the person who sent me the original message about this total farce, and if you check out my blog you will see where it all started from my post "Birth Certificate Is Surety Against National Debt"
Here is the messenger I received on Facebook several days ago and I quote:
The Social Security check is now ( or soon will be) referred to as a "Federal Benefit Payment"?" I'll be part of the 1% to forward this. I an forwarding this because it touches a nerve in me, and I hope it will in you. Please keep passing it on until everyone in our country has read it.
The government is now referring to our Social Security checks as a "Federal Benefit Payment". This isn't a benefit. It is our money paid out of our earned income! Not only did we all contribute to Social Security but our employers did too. It totaled 15% of our income before taxes.
If you averaged $30K per year over your working life, that's close to $180,000 invested into Social Security.
If you calculate the future value of that monthly investment in Social Security ($375/month including you and your employer's contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you'd have more than $1.3+ million
dollars saved!
This is your personal investment. Upon retirement if you took out only 3% per year, you'd receive $39,318 per year or $3,277 per month. That's almost 3 times more than today's average Social Security benefit of $1,230 per month according to the Social Security Administration. (Google It - it's a fact)
And your retirement fund would last more than 33 years until you're 98 if you retire at age 65! I can only imagine how much better most average income people could live in retirement if our government had just invested our money in low risk interest earning accounts.
Instead, the folks in Washington pulled off a bigger "Ponzi scheme" than Bernie Madoff ever did. They took our money and used it elsewhere. They forgot (oh yes, they knew) that it was OUR money they were taking.
They didn't have a referendum to ask us if we wanted to lend the money to them. And they didn't pay interest on the debt they assumed. And recently they've told us that the money won't support us for very much longer.
But is it our fault they misused our investments? And now, to add insult to injury they're calling it a "benefit" as if we never worked to earn every penny of it.
Just because they borrowed the money doesn't mean that our investments were a charity!
Let's take a stand. We have earned our right to Social Security and Medicare. Demand that our legislators bring some sense into our government. Find a way to keep Social Security for the sake of that 92% of our population who need it. Then call it what it is. Our "Earned Retirement Income" 99% of people won't forward this. Will You? ... End of quote
Thank you Miki Dash for forwarding this to me. I will be part of the 1% forwarding this message. And one last thing ladies and gentlemen, "I am mad as hell and I am not going to take it anymore."
Lawson out ... peace
Very interesting post.
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