Social Security | Reinke Faces Life

RANT: We need about 40 year, 4 decades, 2 generations to erase these SOCIALIST mistakes

Sunday, August 16, 2026

<<FROM FACEBOOK>>
<< EDITOR ADDED DATE 2026-08-16>>

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Stephen E. Phelps Jr.
Favorites · p͏S͏t͏e͏o͏o͏d͏n͏r͏s͏c͏f͏ ͏3͏u͏s͏t͏f͏3͏2͏g͏ ͏ ͏1͏t͏P͏4͏7͏u͏a͏m͏m͏u͏u͏t͏2͏A͏ ͏i͏2͏f͏g͏t͏:͏t͏3͏i͏1͏3͏f͏0͏M͏f͏7͏0͏8͏l͏g͏l͏u͏ ·

Fúçĸ these scumbag pseudo-Republicans who want to welch on paying back the money that’s been “appropriated” by Congress out of our hard-earned Social Security savings over the years by now pretending that SS and Medicare are “benefits”.

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Stephen E. Phelps Jr. quoted Steve Warkentin

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Steve Warkentin

p͏S͏t͏e͏o͏o͏d͏n͏r͏s͏c͏f͏ ͏3͏u͏s͏t͏f͏3͏4͏g͏ ͏ ͏1͏t͏A͏9͏9͏u͏a͏m͏m͏u͏u͏t͏2͏A͏ ͏i͏2͏f͏g͏t͏:͏t͏3͏i͏1͏3͏f͏0͏M͏f͏7͏0͏8͏l͏g͏l͏u͏

I’m happy to share this, but sad that is necessary, because I don’t care what side of the aisle you sit on, this is a fact.

Speaker of the house, Mike Johnson, concerning Social Security payments.

My contributions were made for me since I was 16 years old, on every wage or salary I received. Those jobs may not have always been the work I wanted to be doing at the time, BUT I always had a job. The Social Security check is now (or soon will be) referred to as a “Federal Benefit Payment?” I’ll be part of the one percent to forward this.

I am forwarding it because it touches a nerve in me, and I hope it will in you. Please keep passing it on until everyone in our country has read it.

The government is now referring to our Social Security checks as a “Federal Benefit Payment.” This isn’t a benefit. It is our money paid out of our earned income! Not only did we all contribute to Social Security but our employers did too. It totaled 15% of our income before taxes.

Congress took our money and used it elsewhere. They forgot (oh yes, they knew) that it was OUR money they were taking. They didn’t have a referendum to ask us if we wanted to lend the money to them. And they didn’t pay interest on the debt they assumed. And recently they’ve told us that the money won’t support us for very much longer. And now, to add insult to injury, they’re calling it a “benefit”, as if we never worked to earn every penny of it.

Just because they borrowed the money doesn’t mean that our investments were a charity!

Let’s take a stand. We have earned our right to Social Security and Medicare. Demand that our legislators bring some sense into our government.

Find a way to keep Social Security and Medicare going, PLEASE for the sake of the 92% of our population who need it. Then call it what it is: Our Earned Retirement Income.

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I ABSOLUTELY AGREE! “Social Security” has always been a Gooferment Ponzi scheme that transfers, wealth from poor minority men to rich white women. It was a step towards socialism, and then communism.

It destroyed the extended family by allowing grandparents to “retire” and move places like Florida andArizona away from their families who needed their physical presence ass support.
Also, they got everyone used to the idea of a government monthly check thus destroying the savings incentive.
The federal reserve system destroyed the value of money and people could no longer put a few coins away for their old age.
It created an entitled boomer-class of voters beholding to the Democratic in income-bent politicians.

Both the Democrat and Republican incumbent politicians should share the blame and our scorn at their malfeasance in office. The Democratic Socialist cabal DSA should be laughed out of every election by pointing to North Korea, Cuba, and the third world hell hole.

Stephen E. Phelps Jr. and I don’t agree on a lot of political issues, but on this point, we are in 100% agreement.

Now that the government has made the wage slave class a serfdom we requires two salaries to barely stay afloat, we need a multigenerational decades long GENTLE plan to remove Social Security. We, The Sheeple should not allow the politicians to “pull the rug out “from people who planned their retirement around having that Social Security income.

Like separating “EDUCATION” from the Gooferment (i.e., Gooferment SK-CRUEL-as, we need about 40 year, 4 decades, 2 generations to erase these SOCIALIST mistakes.

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Leave a Comment » | Ranting | Tagged: Federal Benefit Payment, Medicare, Our Earned Retirement Income, Social Security | Permalink
Posted by reinkefj

MONEY: The Social Security check is now (or soon will be) referred to as a Federal Benefit Payment?

Friday, October 24, 2025

https://x.com/michellemaxwell/status/1951822943446614464?s=12

Michelle Maxwell ™
@MichelleMaxwell

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A woman dies at age 65 before collecting one benefit check. She and her employer paid into the system for almost 50 years and she collected NOTHING. Keep in mind all the working people that die every year who were paying into the system and got nothing.

*** and ***

The government is now referring to our Social Security checks as a “Federal Benefit Payment.”

This is NOT a benefit. It is OUR money , paid out of our earned income! Not only did we all contribute to Social Security but our employers did too! It totaled 15% of our income before taxes. (This should be enough for you to forward this message, If not read on.)

If you averaged $30K per year over your working life, that’s close to $180,000 invested in Social Security.

If you calculate the future value of your monthly investment in social security ($375/month, including both you and your employers contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you’d have more than $1.3+ million dollars saved.

This is your personal investment. Upon retirement, if you took out only 3% per year, you’d receive $39,318 per year, or $3,277 per month.

That’s almost three times more than today’s average Social Security benefit of $1,230 per month, according to the Social Security Administration.

And your retirement fund would last more than 33 years (until you’re 98 if you retire at age 65)! I can only imagine how much better most average-income people could live in retirement if our government had just invested our money in low-risk interest-earning accounts.

Instead, the folks in Washington pulled off a bigger Ponzi scheme than Bernie Madoff ever did (or Lyndon Johnson).

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I love beating a “dead horse” or in this case the BIGEST Ponzi scheme. Makes Ponzi, Made-off, and every two-bit fraudster look like a chump in the comparison.

Social Security “Insurance” is just a racist inter-generational wealth transfer (Ponzi) scheme that transfers wealth from poor minority men to rich white women. Note that if it was a privately held investment account, then upon the early death of the exemplar poor minority man, his heirs would receive his estate. Building capital formation with his family heirs. It could be to fund buying a house, getting an education, or invest in some productive asset. Anything like a substantial estate of some number of millions could fund multiple priorities.

Anything would be better that allowing the Gooferment to waste the blood, sweat, and tears of the working class.

Argh!

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Leave a Comment » | MONEY | Tagged: @MichelleMaxwell, Federal Benefit Payment, Michelle Maxwell, Social Security | Permalink
Posted by reinkefj

RANT: Socialist Insecurity — not a Secure Retirement Plan — is a Ponzi scheme

Monday, October 13, 2025

https://internationalman.com/articles/revealed-5-more-dangerous-myths-of-modern-finance-11-15-exposed/

Revealed: 5 More Dangerous Myths of Modern Finance (#11–15) Exposed
by Nick Giambruno

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Myth #13: Social Security Is a Secure Retirement Plan

Social Security is often sold as a “safety net,” a dependable program where you pay in during your working years and collect later in life. It sounds responsible, almost like a personal retirement account managed by the government.

In reality, it’s nothing of the sort.

The money you pay in today doesn’t go into some locked box with your name on it. It is spent immediately to cover current obligations—mostly to today’s retirees and other government programs.

Social Security isn’t voluntary, it isn’t market-based, and it doesn’t offer real security—especially not for younger generations who are coerced into funding a system that likely won’t support them in return.

That’s why the more accurate name is Socialist Insecurity.

*** end quote ***

“Social Security Insurance”, (note the word insurance — even though it bears no resemblance to real world insurance), is a de jure Ponzi scheme paying current takers from current workers. What could go wrong with that (i.e., scope creep; aging population; longevity discoveries; political corruption; moral hazard). And, de facto, a wealth transfer from poor minority men to rich white women. All set up, by the D’s to create another permanent class of dependent voters (i.e., the third rail of politics). Also, it’s a “political axiom” that one someone gets a “benefit” it can never be taken away. Argh! What a load of “barbara streisand” aka <synonym for excrement>! Argh! Argh!

“For those looking for security, be forewarned that there’s nothing more insecure than a political promise.” – Harry Browne

I’ve read rants by some about if they had had their “voluntary” “Social Security Insurance” “contributions” and the return on “investment”.

Specifically, “A person retiring at age 65 will only benefit more from Social Security relative to a private investment in the S&P 500 if he is a low earner and lives to be at least 96 years old. For those retiring at age 70, the only individuals that benefit more from Social Security are low earners who live to be at least 94 years old and average earners who live to be at least 108 years old.”

https://www.cato.org/commentary/social-security-vs-stock-returns-no-contest#

Wish I could find that Facebook post that compared ROI on voluntary” “Social Security Insurance” “contributions” versus DIY investing. The difference was huge.

The Gooferment politicians and bureaucrats are drones and parasites on “We, The Sheeple”!

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Leave a Comment » | Ranting | Tagged: internationalman.com, Nick Giambruno, Social Security | Permalink
Posted by reinkefj

RANT: Social Security Insurance is just a racist inter-generational Ponzi scheme that has zero chance of “success”

Wednesday, September 18, 2024

Just saw you 8/11 reply to my “no tax on sosec” comment

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It’s a solid plan if they increase the current security tax on high earners, otherwise it’s an untenable solution. Seems to be some support to raise SS tax on earners above the $165k threshold and again at $250 which would keep SS solvent for a few more decades

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Raising taxes on “high earners” is just giving the Gooferment more money to waste.

Recognizing that Social Security “Insurance” is just a racist inter-generational Ponzi scheme that has zero chance of “success” like any Ponzi scheme.

Note that FDR chose the word “insurance” very carefully because at that time “insurance” was highly regarded as “safe”. He knew full well that this was a fraud because there was nothing “saved” to pay benefits. It should have been obvious to the rubes when the first (white) woman “retired” after making one tax payment into “social security insurance”.

I recently read an analysis of one case where the fellow paid in X$ (I can’t find the gripe) and received back about ½X$. That’s nominal dollars with no adjustment for inflation. He ran a simulation if the original X was invested in 50/50 Tbills and S&P500. That portfolio would be valued at about 6X at his retirement. He compared his Z$ monthly benefit with the 4Z$ monthly annuity he should have had.

I have also read many times that Social Security has a negative ROI of between 12 and 40+%.

It’s a national disaster. And, BTW it’s has about 70T$ in unfunded liabilities. No amount of tinkering will save it.

Argh!

# – # – # – # – #

Wish I could find all the things I have read about Social Security.

One time, on a bored commute into NYC for work, I computed that I’d have to live to 132 in order to “steal” back what was “stolen” from me in SSI payroll taxes. And that was on a “nominal basis” with no adjustment for inflation.

Argh!

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Leave a Comment » | Ranting | Tagged: ponzi, Social Security | Permalink
Posted by reinkefj

ECONOMICS: Time for everyone to realize that they were defrauded by Social Security

Friday, July 7, 2023

https://www.americanthinker.com/articles/2023/06/the_worlds_largest_ponzi_scheme.html

July 2, 2023
The World’s Largest Ponzi Scheme
By David D. Schein

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Americans are just beginning to see the tip of the iceberg of their own trillion-dollar Ponzi scheme, Social Security (“SSA”). Signed into law in 1935 by FDR during the heart of the Great Depression, workers were told that Social Security was intended to provide a safety net parallel to retirement systems that existed in Europe. The retirement age was set at 65. Americans were required to pay into the fund through payroll deductions their employers collected. Most Americans were “covered” by the system, and it was later expanded to cover household workers and others who were excluded initially. The system is structured to be a regressive income tax covering most workers’ wages up to $160,200 per year, with no limit on the parallel Medicare withholding.

When FDR was garnering praise for helping the working class, the average life expectancy in the United States was only 60.7 years. So, while most workers would pay into the system, few would live long enough to collect benefits.

In contrast, by 2020, the average American life expectancy had surged to 78.81 years. This is just one of the problems with the SSA’s structure that has brought America to the current financial cliff. Obviously, if most of the alleged beneficiaries would not live long enough to collect, it was a near-perfect scheme for its operator. The “baby boomer” generation, by expanding the system’s benefits and living longer, is tanking the system.

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A private individual (Made-off) or a corporation (Enron) would be severely sanctioned but the Gooferment politicians and bureaucrats can retire on their Gooferment pension with complete immunity.

When will “We, The Sheeple” realize that they have been robbed?

Anyone who fails to plan for zero social security in their old age, will find SPAM a delicious luxury.

Pitchforks and torches anyone?

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Leave a Comment » | ECONOMICS | Tagged: American life expectancy, americanthinker.com, David D. Schein, FDR, Ponzi scheme, Social Security | Permalink
Posted by reinkefj

ECONOMICS: Social Security is a Ponzi scheme that is a national disaster and getting worse

Thursday, November 3, 2022

https://www.dailysignal.com/2022/11/02/7-facts-biden-ignored-about-social-security-in-his-speech-to-florida-retirees/?utm_source=TDS_Email&utm_medium=email&utm_campaign=MorningBell&mkt_tok=ODI0LU1IVC0zMDQAAAGH2-4XvReNlf-88oulRzrqa4RzRxEmWEZbT5rnJoS1tumDrnI9892TnNi09M5trdns5w9_APQOfhNXa47MWqPTZVlYwUJcobrXBm7-PtbXZWG3ovRJ

7 Facts Biden Ignored About Social Security in His Speech to Florida Retirees
Rachel Greszler / November 02, 2022

Rachel Greszler is a research fellow in economics, budget, and entitlements in the Grover M. Hermann Center for the Federal Budget, of the Institute for Economic Freedom, at The Heritage Foundation. Read her research.

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Social Security is a bad deal for current and future workers. Social Security may have been a good deal for Biden’s generation, but it’s not a good deal for current and future workers. A Heritage Foundation analysis showed that the average younger worker could receive nearly three times as much as Social Security can provide if they were instead able to save Social Security taxes in their own retirement accounts. (The Daily Signal is the news outlet of The Heritage Foundation.) Even low-wage workers making about $20,000 a year could have 40% larger incomes in retirement as a result of saving on their own. And personal savings can be passed on to family members or friends, something that’s especially important for lower-income Americans, who are less likely to be able to save outside of Social Security and also for individuals with shorter life expectancies. One in five black men will die between the ages of 45 and 65, meaning they will pay tens or even hundreds of thousands of dollars into Social Security and could get little or nothing in return.

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It’s often been asserted and proved that Social Security is a racist program that transfers wealth from poor minority men to rich white women.

If for no other reason, it needs to be eliminated. I’m sure the financial gurus can transform the unfunded liabilities fairly. Yes, it will be painful and not pretty. I can foresee the under 40 participants getting a 25+ year bonds for their “benefit”. The 40 to 67 get a similar but non-transferable bond ladder. Current recipients will have to be paid out of the current budget. It’s going to require pain, but it’s better than future financial disaster when all the politicians and bureaucrats who created the mess are long dead.

Argh!

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Leave a Comment » | ECONOMICS | Tagged: dailysignal.com, Heritage Foundation, Politics, Rachel Greszler, Social Security | Permalink
Posted by reinkefj

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