With old age coming, I begrudge every dollar I have had to put into the “Social Security Insurance” Ponzi scheme

March 31, 2006
Vol. 11, No. 7
Circulation: 65,767 subscribers in over 100 countries.
The world's largest-circulation libertarian publication!

Published by the Advocates for Self-Government
Edited by Bill Winter | Email: billw@TheAdvocates.org
Senior Editor: James W. Harris

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Imagine being forced into a government retirement system that takes your money,
makes no guarantees on how much you'll get, and gives you a poor return for the
money taken from your paycheck. Now imagine putting aside the same amount of
money in your own retirement account, getting interest on your savings, and
retiring with a personal nest egg of over $1 million. Probably more. That's the
power of compound interest. That's the difference between government-run Social
Security — and private retirement accounts.

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SSI is neither "Social", "Security", nor "Insurance". The estimated roi of ssi contributions is guesstimated by better people than me to be a negative one percent. Anytime one deals with the government figurign out the true cost is akin to knowing where an electron is — impossible. I do know that when I put money aside for my old age that there will be no fudging around. It'll be there for me and mine. SSN is another joke.

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