Social Security Scam

This Ponzie scheme is not a good deal.  If we had been able to make our contributions to our own investment accounts, we would have easily tripled our investment.  We would own our account balances and would be able to pass these balances on to our families. 

A working couple earning an average of $60,000 a year for 40 years would have earned $2.4 million.  Their 15% retirement savings contribution would be $360,000.  If these contributions had earned 3% a year, the balance of the account would be $1.1 million.

A working couple earning an average of $100,000 a year for 40 years would have earned $4 million.  Their 15% retirement savings contribution would be $600,000. If these contributions had earned 3% a year, the balance of the account would be $1.8 million.

Norb Leahy, Dunwoody GA Tea Party Leader