FROM A FELLOW ALUM’S OBIT
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… … died July 16, 2007 in New York. He was 64.
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SO he paid the ultimate “social security tax”. Argh. He paid into one of the most unfair Ponzi scams imaginable. If an Insurance Company offered you such a policy, the executives would all be in jail for theft. Or at least on the various nightly news shows, like “Shame on You”.
For a per centage of your life time earnings,
(Now doesn’t that sound like something you’d expect hear in a movie sequence of a Mafia shakedown?)
you get a modest lifetime disability protection,
(If you are willing to hire a lawyer and spend a lot of money getting it.)
and a less than adequate retirement income
(And they now say social security was never intended to live on … … “barbara streisand”)
that you have to pay taxes on
(That they “promised” would never be taxed … … double “barbara streisand”)
and represents the biggest savings of a poor person’s life
(Economist generally agree it’s a wealth transfer from poor minority men to rich white women!)
that’s ends with no benefit when you die.
(The ultimate in theft!)
Economist generally concede that the most optimistic look at “Social Security Insurance” is that it is a negative 1 to 2 % savings.
In my fellow alumni’s case, it’s nothing but a tax.
What a losing bet!
“Social Security Insurance” is a socialist program that is an absolute disgrace.
At least the gooferment should have the honesty to stop calling it “insurance”.
Argh!
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Reinke Faces Life 