More on Social Security Etc
By: Adrian Krieg
Anger about the government rip-off of social security paid, was covered in my recent article titled “Without Vaseline”. Now I have learned that the situation is even worse than I had anticipated. Previously I pointed out that SS does not tabulate you employers SS taxes nor compound interest over the entire term, well if you had not read “Without Vaseline” let me just say, that when collected funds on my behalf are totaled, the government collected $560,000 (that’s without the approximately $15 million employers contribution) but when interest is compounded on just my SS taxes (37-years) at a low 4.3% they actually have $1.4 million of my money.