Quote History Quoted:
Meaning no disrespect to your father, but how is it that a man who missed the mark on the "when" for social security's collapse - who has undoubtedly received more money from the SSA than what he paid into the system - evidence in your mind of a rock solid government retirement system? Furthermore, why is it that the validation for social security rests squarely on the uninterrupted ability to receive an SSA check while eliding the massive amount of debt incurred to support said program, the collapse in the number of workers required to make paycheck contributions per every retiree, or open discussions by politicians supportive of social security looking to raise the retirement age and/or cut benefits? Eventually, you run out of variables to tweak, accounting gimmicks to employ, or playing field to reposition the goalposts.
That people have missed the mark on the "when" does not change the reality of the "if".
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I think history is our best example.
For example, Germany was the first to introduce Soc Sec. (1889)
Afterwards, they were defeated in WW1 and suffered another total defeat along with Soviet occupation after WW2.
Yet, despite these "rough spots", the concept of Social Security still exists over there.
I wonder how "investments", made by some silly "investment calculator" would have fared over the same time frame in Germany. You can examine Russia, Japan, China, along with many, many other countries and see similar, complete, financial wipeouts.
Yea, a 15% FICA tax on your paycheck is a hell of a lot of tax to pay.
What to do?
How about you start a business and don't draw much salary. Instead, use the excess cash flow from the business to acquire depreciable assets which appreciate in value (hint: RE and airplanes...among many).
I've never heard that strategy advocated by Libertarian, "magic carpet ride", think tanks.