Young, Black, Hispanic Americans Would Opt Out of Social Security Even If It Wasn’t Broken
20th November 2024
Now if you own stock in a company, and you read a report that the prospects for that company are not good, that the cash dividend that the company is expected to pay to stockholders is in jeopardy, you can get out. You can sell the stock and invest somewhere else.
Per the Social Security Administration, there are 184 million Americans now working and paying Social Security taxes. Per the above notice from the Social Security Trustees, all those 184 million ages 57 and below will get only 79% of their entitled benefits at retirement (assuming they choose to start collecting benefits at age 67).
Does any one of the 184 million have an option to say, “No, thanks, I don’t want to be part of this,” and get out? Certainly not. The government forces you to participate, allegedly for your own good. They decide; you obey. It’s a reminder of what President Ronald Reagan called “the most terrifying words in the English language: I’m from the government and I’m here to help.”
Social Security is a Ponzi scheme and always has been.