Only The U.S. Government Can Make This Crap Work 

Now you see why the 2nd amendment is so crucial.

Exactly right. I’d much rather keep my money and invest it myself. Notice Congress exempted themselves from paying into it.

Not true , I was exempted at age 18. My father was exempt and now all my children are exempted. We never paid a penny in , granted we will never draw anything, however that’s totally fine .

You can file to be exempt. But you shouldn't have to. You should just be able to opt in or out.

@@TimothyParker-c4h exactly ! It’s jus another scam from Uncle Sam . I’ve been self employed my entire life and so put 10% of all earnings in mutuals. Soc sec doesn’t come anywhere close to what I should draw if things stay half decent.

That's why they hide it

You really think employers would pay that to their employees. They'd use it to pad profits 😂

It's not hidden.

@@rd-ot1ju I mean they include it as part of your salary so they’d likely pay it

Essentially, the 6.2% paid by your employer is part of your pay package. It's done this way, so you only see the 6.2% and not the whole 12.4. To your point, though, no, I wouldn't expect my employer to pay that portion and instead keep it, but I would require a higher total pay to offset the difference. It balances out or, at the very least, gets close.

until you get a disease or accident and couldn't work, or a cancer to treat, or a transplante to make. People don't get it how health is expensive! yeah, yeah, medical insurance! In the end you will end fighting for the coverage that you will never have anyway!

It's 4%. Save it

@@zedmais9170but once you stop working your Social Security stops accumulating also. The ony way to get the highest Social Security is to have a higher paying job and work your whole life, because it is directly related to what you pay in. My brother that is disabled worked for 10 years with his best years making around 50,000 yearly (3 years) and he only gets $950 a month!!! To live on!!! There is no way you can live on that in today’s world! The real benefit of Social Security is safety. An independent investment could be spent too quickly and leave them with nothing. Social Security is a safe guard against not being able to manage an independent investment

@@zedmais9170lmao brother I am here. Hip replaced at 30. I run a residential window cleaning business. They killed me and charged me out of my face and now want even more….. gave me shit that ate my insides and then wouldn’t even help me figure it out when I woke up on the floor..

It's not for you, it's for others too

And I have already paid for the last 35 years. Yeah I’ll take the -4% vs gifting it away

Just like we didn’t have a choice in enjoying post world war 2 economic growth or treaties previous administrations made with other countries or Eisenhower building road network that we use today…

thats what jan 6 shouldve been about instead of the mess

@@Anirudh679173so which government official rails you so good? You must be dense or one of their little puppets.

@@jammiewilliams9047that’s the problem I’m already invested I’m not just going to give it up now.

Yes. You’re right. But that’s only because right wing nut bars are TELLING younger people the lie that SS won’t be there for them. As long as it gets funded appropriately, it WILL BE THERE.

folks iver 50 are living in their cars after giving the government over $1 million dollars on this man made tax at retirement

I’m 45 and at least weekly I have to remind my wife we will never see social security so yes we have to keep dropping large chunks of our pay into retirement savings accounts

@@walker873 but you will be in the front of the line in 20 years. Bet you.

​@@ronriehle1337 duh, of course he will and I will be too if social security somehow exists 40 years from now. Each paycheck a decent chunk gets taken out, you better believe I want my monthly 2k check

Correct

Plus it was designed to be a supplement in your retirement. You must also save and invest for your retirement. It can be done. You don't need expensive cars and phones. Amazes me the lines at Dunkin Donuts every morning. Make it at home and put that $$$ in savings.

What are you talking about about? Insurance definitely grows.

​@@AaronLDeWolf when I buy car insurance or home insurance, I'm not looking for a "positive rate of return", I might pay thousands in premiums and get back zero, and that's fine because I only receive money if my car or home is damaged. The money you pay into social security is like an insurance premium. If you die at 60, you get back none of your money. If you become disabled at 40, you may get benefits for the next 50 years. That's just how insurance works. Dave is giving the "rate of return" but that's a metric useful for investment products, and much less useful for insurance products.

@@mleobviously an insurance product that everyone must buy and pay into their entire lives that is made to mitigate the risk that you will survive to within a decade of your own projected life expectancy would certainly have yield. Like a whole life insurance policy. Only the government would set up the system as a ponzi scheme.

If that's true, it's not like everyone's out here educating the working people about anything significant

We need to make a new current religion we can exempt ourselves. Amish and many others are exempt from social security

You can opt out by voting in the correct people. You can vote for me, I'll abolish all federal taxes and get us in the green. :)

⁠​⁠@@Dan-codesi’m so curious how you would pay off $35 trillion while also cutting all taxes, assuming that is what you are saying. i’m all for replacing the tax code with one that makes sense w/o deception, but also remember that the same government that created this tax code is the same one that’s conniving enough to have started a war (literally &:or metaphorically) with almost the entire world, so cutting military immediately is out of the m question, if you are pro-America. i suppose if you are pro-justice, well, start a waitlist for DC only and grab popcorn.

@Yusuf-ep6yz you can fund things without taxes. For example, license fees cover or entire national infrastructure cost. Why do we pay for our military to provide security to the entire world? Logistics is a 9-11 trillion dollar industry that we provide security to. NASA has a 13x ROI. You don't need taxes, which lets you dissolve the entire IRS. The FBI, CIA, ATF, NSA, TSA, and many other agencies are useless and corrupt. There are 2.95 million federal employees.

Me too

62 ,65 or 67 ? 🤔

​@PAUL-em4tj take it at 62...you will be in your mid 70s before you break even.

@@DailyDoing IDK Daily , I still work some and have other income. I don't want the penalty. 🤔

@PAUL-em4tj it's a penalty only because you retired early....that money comes back to you when you reach full retirement age.

He's referring to the fight to keep it in place and how it's a political icon.

Yeah ,wtf ?

You could of had 100% of it 😂

@@johnwolf1113 if it were my choice, yes but it’s never been my choice

​@@johnwolf1113wait till he finds out how much the younger generations get shafted

Trust me good old Dave is way off base. I'm 74 been collecting since 62 got all I put in plus my employers. And my father made it to 94 and my mom is 95 and still collecting.

@@johnwolf1113in what would can you have all of it? none there is no world

You will never get that money you paid in. It’s already been spent

I only see it as a tax lol

I’ve said something similar. Let me opt out of SS and I’ll forfeit everything I’ve paid in as long as the 12.4% employee/employer “contribution” show up in my pocket.

there so far backed up that they cant even pay it out.

It is a tax… it’s always been a tax on the working generation to alleviate poverty among the no longer working generation. … and it works pretty well!

Ya it’s literally basic numbers. Plus the government spent the money. The government owes 75 trillion over the next 75 years, not including the 30 trillion of debt. Something is gunna give and collapse.

not true its very solvent,these conservative assholes are constantly trying to fuck the low income family

@@evangreenberg1666in 1990 ppl said it will collapse in 2005; in 1975 they said it will collapse in 1982. if your employment income is so high that the 6% social security can make a difference invested privately, then guess what, you also have leftover money to invest privately, and that’s literally what most above median income families do and works great. on the other hand if you earn $30K, good luck opting out of social security and saving that $1800 annually in sthg with a better retirement plan. ooo compound interest gives me $59K after 22 years of saving, what a fortune! the reason why social security is so popular on voting day, is because old people vote, and loads of old people realize that they didn’t have enough saved privately to retire on.

Yes spent it on foreign country’s wars, and housing:feeding illegal immigrants

life expectancy is 76.6 you can start your retirement at 59 full benefits at 66 that’s a full 10 years with benefits but if your saying anyone can predict what social security will look like in 20-40 years your full of shit lmao

These wal street types LOVE to kill SS. They want to get ahold of that money SO BAD.

I think covid was SUPPOSED to take out more of the aged population, but then too many young people were dying so they decided to change from you don't need to buy masks to everyone needs masks.

That’s what they want. They only care about themselves they’d rather have anarchy

Yep you bought into the BS. Our prior generation had pension programs and companies took care of people that took care of them. The government wants dependents for nefarious reasons. Why do politicians have a separate system of Social Security that we can’t access?

Right, SS is not meant to be an investment. It is a safety net. Not that we should be fine with the -4% rate of return, and obviously I also don't believe people should count on it solely and not save for themselves. I don't know what needs to change. But getting rid of SS entirely is not the solution some folks seem to think it is.

This “threat of violence” meme is so tired. There is literally an entire party dedicated to removing the policy that people could easily vote for with no consequences. The only threat is the imaginary one created by your own lack of understanding

wait till you find out about health insurance

If people had access to that money they could save and invest it and do FAR better

@@jimkirkendall2483and those who can’t work because they are blind are supposed to do what?

I second the comment that says if you actually had that money you could save it for retirement. Like Dave said NEGATIVE return it's a failing system that gen z and millennials will never see unless they tax MORE.

​@@jimkirkendall2483 And to add to that baby boomers had a better chance to save because the tax rate on social security wasn't always this high.

Of course not, social security isn't a savings account, it's wealth transfer from the young to the old and has been since its inception. The net beneficiaries of the program are all dead now but for the elderly in 1935 it was free money.

@@Brendan-tx3lg yeah and now, it’ll be a miracle if it’s there when we retire lol

But that’s the issue; if they end it, their part of the agreement has been validated and they owe me my money.

My 45 year old dad said that he would be fine with never seeing a penny of all the money he put in social security if they would let him stop paying the tax. We would all be able to make so much more money without this stupid welfare system. It’s bankrupting the country as well

It will not end. If Congress doesn't act to remove the cap, it may be reduced, but it won't end.

In theory, yes. But mostly because the majority are stupid

Just because 90% of people believe fire damage to your home is bad doesn’t mean that fire is bad overall. It’s foolish to believe people to incompetent to understand investment decisions should be taken at face value

yes... instead they teach us how to feed the machine. The whole system is rigged.

But, then we wouldn't need the gov't for retirement fund... It'll never happen.

Then we wouldn't need their help. They need to keep us helpless to keep their place

We have no choice with social security. No amount of teaching will do anything about this yet another left wing idea that fails miserably.

But then we wouldn’t know about the 64 genders of the rainbow flag😅

Keep working hard. Millions of people who didn't plan for their retirements depend on you!

Taxes and Medicare also come out the check when you retire About 35%

Get exempted , I did. Tax Form 4029.

Social security isn’t an investment its insurance

Listen, what CAN happen is if the SS funds goes negative, deductions from YOUR pay check will increase while expenditures to recipients will markedly decrease, plus YOU will also never collect SS when you become of age, so you will be doubly hit. The government is much smarter than you think and are way ahead of you, although the bureaucracy is getting thicker everyday. Yet the public votes for the same politicians over and over, or incompetent ones.

And the dems fear monger any attempts to improve the system for current workers. They tell confused old people that big meany will take away their benefits.

Then make it optional

@@dillzilla4454except it also pays for ssi which is for people who medically can never work so what are they supposed to do if no one pays for the social safety net

​@@dillzilla4454Won't work that way

@@SandfordSmythe why not? i know the answer but i want to hear someone say it.

@@dillzilla4454 It is difficult to know ahead of time who will need it.

Good point

You would have spent it all.

@@gloriadavis49nope I'd have invested it and been a millionaire

@@gloriadavis49lol maybe you would have

If you could have all the money you took to yourself and saved it :p

@@gloriadavis49yup and it should be my right to spend it all. I’d spent it better than how the government spent it. Cause they don’t store that money, it’s spent immediately. Why do you think they are going to run out in 2033? Read about unfunded liabilities and see how we are never seeing that money. They took the money and spent it. It’s GONE.

Trying to talk reason to Dave is like trying to convince a scammer you don’t need their product… wait a second.

If there wasnt a cap.. the rich people would just get more money. This is because the way it was sold to congress.. they cant cut off benefits and continue to tax people. Number one. Number two. 120k cap is on wages. Rich people dont get paid wages.

BEFORE THE BOOMERS. READ YOUR HISTORY ! And you kids want crediblity. 🙄

@@PAUL-em4tj the boomers expanded the program in the 60s during the Lyndon Johnson administration. My mom (boomer) and her buddies all backed massive expansion of benefits. The original program from FDRs new deal was not the hot mess it is today. It was boomers that made that train wreck by adding disability, SSI, spousal benefits and Medicare.

Yes, this. -4% would be better than -50% or more.😅

Well put. Please call and tell him this! SS is insurance, not an investment

@@t-bleezee ironically this is the best defense for Dave's argument. Insurance is mostly a scam, well invested rainyday funds will always out perform insurance (even just in flexibility), but requires so much effort and risk most people can't manage it themselves. So the gamble on insurance ends up being necessary for most.

​@@JoshuaLlamaLlama except, rainy day funds run dry if you hit something exceptional. You don't take out health insurance for a cold, you take it out in case you get cancer. A cancer treatment can quickly drain a substantial amount of money from said rainy day fund. Or a hit-and-run, which leaves you into rehab for years to come. Your home insurance is to avoid being destitute if it burns down with all your belongings in it, you don't count on it burning down... It also assumes everyone has the same opportunities to build such a rainy day fund, which is untrue. Young people, people who have had long spells of poor health, etc, don't have much to rely on. Family? That's assuming their family cares, or is even alive. And someone who fell into poverty can tell you, it's in your time of need that you'll realise that many of your so-called friends will disappear from your life. So yes, it's an insurance policy, one you hope you won't need until much, much later, so you can improve your position yourself, because let's face it, social security won't save you from poverty, it will just protect you against the most abject levels of it.

Remove all safety nets

No idea rather take every cent we are forced to put into social security and put it into the S&P 500 index for the compounding interest. No amount of “savings” will set you up for retirement. Only investing.

I was never taught proper economics but understand the difference between my idealism and the actual systems we live in. Can/should we blame ONLY the government when just saving your money isn’t even enough for retirement? I know politicians/political economists write these laws but for the benefit of who?: Their already rich friends. Am I wrong? Don’t mind Ramsey but can’t stand when people constantly berate and blame the government that helped create a system that makes laws allowing exponential growth for those whose livelihood is in money., not to speak of the industries that price-gouge when landing government contracts. Yeah, SS is a beat up system but the American people need help when they hit retirement age. The entirety of the population can’t work in money.

@@scratchypappymost prosperous country in probably the history of the world and yet it’s impossible for most to retire and all we have a broken social security system that is set to run out in less than a decade. America is Irony at its finest. I’m paying for the mistakes of idiots. I don’t blame old people but the government for being incompetent or thieves or both.

@@evangreenberg1666 I hear you, but why are we not near as vocal about blaming the richest of us for tilting the scales?

@@scratchypappy I fully blame them. The government and the rich collude with each other to make it this way.

Right? All those corny sayings about work and saving etc, turns out they are all true! I partied like a rock star most of my working years. But I always paid into FICA. And a retirement fund. And now that I'm retired I can pay my bills and am boring and very happy!

that’s not the point. the point isn’t that u can GET BY on social security, but the fact that one can essentially double the amount of money by simply investing it.

@@TropicalityCat "Simply investing," money for 100% return, huh? What have you been smoking?

How??

@@ebayseller6040 Take it at Age 62 instead of 67. Or, if you get disabled, much earlier!!

Social Security isn’t even guaranteed tomorrow. By 2033 they’re gonna have to start reducing the payments of Social Security recipients because they don’t have enough funds to keep paying everybody the full payout. By the time people born in the 1990s retire, there won’t be Social Security left for them to collect. It’s a ticking time bomb of yes this policy works until it doesn’t and that’s what a lot of American policies are like. it works until it doesn’t. Then a bigger issue is created.

That's essentially universal basic income then. (If everyone received social security right now).

You're obviously wealthy social security to a lot of old people is the only thing that keeps them from starving to death

Super easy leftist answer. : Nobody made you work! Dont want to pay, dont work! Easy Peasy

Instead the government spends more than 100% and then borrows from others to pay you back

no, they'd be on the streets. see: 1929 and prior

You got it buddy. Nanny state had to step in. From what I’ve seen so far being a human the majority of people are not capable of making the kind of decisions they need to to ensure financial success.

@@Fluffybunz779So more people on the street. Gotcha.

@@lsmithhat8541 lmao there would be without SS

And its the people who reap the measly monthly amount who have the balls to wonder why I don't have anything substantial saved for retirement like they did my age...

They can buy all the beach houses they want and will be thrown out of it if they don't pay property tax.

everyone worked to get social security . iit was meant to benefit people as they retire, not support them. I am frugal but still work at 70., still paying in to ss.

@@Mari-lv1rdwell the the government decided people didn’t need financial literacy. They created the problem.

No, they didn’t make sacrifices in their earning years. Choices have consequences. Why should I have to bail them out with my money? If they rely on SS, they didn’t do much for our county apart from veterans.

The point is that if you didn't pay that tax and invested it on your own you would have way more money come retirement

What country? Please tell!

The ROI of social security is irrelevant. It's like saying the ROI of welfare or the SNAP/EBT program is bad. Of course it is, profit is not the goal!

I hope you have another source of income , otherwise you will be eating dog food.

The people that got scammed originally, are all dead.

Yes. Austrailian govt cant cant control money in pensions from being invested overseas.. but they can sure control forced investment, now cant they.

Yea, it's more a numbers game where they don't have to pay out nearly as much. It always is.

You don’t, you decide that doing the right thing for future generations is more important than getting $900 a month when you’re old and should have saved anyways. All the money you ever put into social security was spent immediately to pay off other people, it wasn’t put in an account and saved. Social security fits the dictionary definition of a Ponzi scheme but boomers think that it’s “their money” when in reality as soon as it’s taken out of their check it’s gone.

I would let them keep all the money they've taken if it meant my children didn't have to pay into it. I just want it gone and I want a social programs not built on the backs of the working class to pickup the slack for those who need it

Exactly this.

Decisions should have consequences. I guarantee you if you look at most of the people relying on SS, they didn’t sacrifice in their earning years to build a retirement fund of their own. They spent all of the wages for 40+ years and now it’s my job to keep them from starving lol. Bunch of shit.

Let them

Fair enough. But for those disciplined enough to invest, they should be able to opt out.

Then people who should not opt out would

No it won't lol

@@jsebby2284yes it will. Gen X won’t see 72 on average. Let alone 75. We’ve smoke to many cigarettes, played with to many firecrackers, driven to many smog producing vehicles and have generally worked 50+ years by that time. No other generations have had to work that much without a pension and health retirement fund.

@lbjr777 no it won't and your comment has absolutely no point. It's just rambling nonsense

It’s actually 168,600 for 2024. So say you do away with the cap and now I have to pay 6.2% on every dollar I make even above 168,600. Are you going to increase my max social security payout which currently stands at 3822/month? If not, go pound sand.

Have the rich pay for the other's retirement?

There’s no work disability qualification at all. I have tons of boomers relatives who took it at age 62 and are running around having fun

@@BusArch42 being old is a disability, and also there are extreme qualifications for those under 60 who are blind and/or fully disabled

@@mercury3352 as a 58 year old who does dance with 14 year olds, no being old is not a disability. My dad is 82 and can strap on a 30 lb pack and hike a mountain for 4 hours. He can run me into the ground. Most of these people took benefits the moment they could at age 62 and are having fun.

@@BusArch42 and what about those with dementia, brittle bones, those who lose their sight, their hearing, those who get incontinence or mobility issues, what about them? Assuming everyone will be lucky and healthy is naive, and honestly what’s wrong with them getting the benefits after a life of work, why do you disagree with creating better outcomes for people? We are conscious beings yet you think we should choose to stay in the mud in hardship until death? Why should those born or who became disabled fend for themselves without community support?

@@mercury3352 those are disability issues. Disability is different than social security. I would never suggest not providing for those who cannot work. The problem is that the benefit age was not adjusted to align with life expectancy. Life expectancy when social security started was 61 and 65 for white males and females. It was far lower for non whites. Today it is 81.7 and 85.1. This is a twenty year increase in life expectancy but the age for benefits was not increased to match. As a result the system will not survive the boomer generation leaving everyone after them with far less having paid far more.

Bs! Any working person who invested the same in mutual funds over that same period would be millionaires at 65. You’re basically loaning govt money to feed themselves at your own expense !!!

@@lbjr777 please look up how many older folks in this country would be in poverty right now if not for social security. It quite literally is feeding your fellow Americans, not the govt.

Yeah but you can collect more if you invest it yourself. Potentially doubling what your monthly payout would be, or more. That's the point. The problem is, not everyone is disciplined enough.

If you look at it the biggest voting demographics are 45 plus, people who have paid into social security most of their life. Are they going to vote for people who will cut social security and push their retirement back or force them out of retirement? It might be a net negative return on the investment but at least there is a return.

@@ReelEC Exactly and I personally don't believe that a lack of discipline should mean that you should starve to death in your golden years

What? That doesn’t even make sense if you used the same money put it in a savings account and never touched it it be more than a -4%. The point is the social security it’s terrible you literally lose money when you get your money out it’s less than you put in

To your point. Yes, we will be happy when we get it. But the smart investors could be even happier. I naively thought CPP (Canadian Pension Plan) was great for many years until I realized I could make more on my own. It's a scam in my opinion now. But primarily its a socialist commie scam. Some people get more in CPP than they made their whole lives as it is paid out until your dead.

Huh?

And many of those people are not disabled but lazy. Its grossly abused

Truth. And a depressing amount of scammers from other countries.

Right! Ramsey is misleading people. It’s enraging.