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RandomHall

(13 posts)

39. Social Security is not a savings plan

Thu Sep 3, 2020, 06:11 PM

Sep 2020

"Social Security is not a savings plan. What you pay into the system does not go into an account for your retirement. Workers in each generation finance Social Security payments for their retired elders and other beneficiaries. Down the road, their benefits will be paid for in turn by younger workers." (from AARP.org)

So, everything you may have paid in over the course of your 10 or 20 or 30 years in the workforce has already been paid out to retirees. There is no lump sum that SSA will be able to refund to you or convert into a Rollover 401K for you.

So the situation that Tr*mp is creating is even worse than many people may realize.

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Joe Biden Goes on the Attack in Local Florida Interview: Trump Will 'Wipe Out Social Security' [View all] ffr Sep 2020 OP

this IS the message to made made all across america against trump and his GOP, as the intent beachbumbob Sep 2020 #1

YES! FLYERS everywhere on all posts, churches, in malls, grocery stores... Lock him up. Sep 2020 #20

Don't you dare put fliers on my car dickthegrouch Sep 2020 #42

I will (I forgot to mention that TY) Lock him up. Sep 2020 #45

Joe needs to keep pounding on this! SheltieLover Sep 2020 #2

+++ still_one Sep 2020 #15

👍 SheltieLover Sep 2020 #16

++++ agree. nt iluvtennis Sep 2020 #33

Important mollie8 Sep 2020 #3

This message was self-deleted by its author mollie8 Sep 2020 #4

Good for Biden, because that's exactly what will happen Warpy Sep 2020 #5

I have been wondering when this would finally be brought up. calclar Sep 2020 #6

We need to insure all older republican voters are aware of this, would help kill their party. KS Toronado Sep 2020 #7

See my reply #20 above. Moreso in FL, TX, GA, NC, SC, AZ, ... Lock him up. Sep 2020 #25

Yes!!!!! dickthegrouch Sep 2020 #43

Kick dalton99a Sep 2020 #8

+1. dchill Sep 2020 #19

I'm afraid many trumpies won't understand that this would destroy SS -- it needs to be spelled out fierywoman Sep 2020 #28

Exactly. Spell it out in simple terms for the dumbasses in the back. (n/t) SMC22307 Sep 2020 #35

"NO PAYROLL TAX MEANS NO SS AFTER 2023" fierywoman Sep 2020 #36

Perfect! And wouldn't you know... SMC22307 Sep 2020 #37

Great headline. summer_in_TX Sep 2020 #41

K/R Spread the word, esp. in Florida. Now. appalachiablue Sep 2020 #9

First step to fix it would be to eliminate the tax cap. Let those making hundereds of thousands.. AKing Sep 2020 #10

This ⬆️ BadgerMom Sep 2020 #29

Good for Joe to keep stressing this! samsingh Sep 2020 #11

Once again, Bayard Sep 2020 #12

Wonder how many working adults with aging parents realize... summer_in_TX Sep 2020 #44

We need to use this like a club, and beat the GOP to death with it. ms liberty Sep 2020 #13

Yes and it needs to be done now. gordianot Sep 2020 #18

This is a winning message. sarcasmo Sep 2020 #14

Of course he will. Part of the plan to destroy America and any FDR or Obama remnant. Sing it Joe! Evolve Dammit Sep 2020 #17

Fantastic! This is the single issue Biden can beat trump with mercilessly crickets Sep 2020 #21

Social Security USED to be a third-rail issue Fritz Walter Sep 2020 #22

And the best thing, is that it's not just Biden making some sort of groundless claim yonder Sep 2020 #23

Two places to hit.. Politicalgolfer Sep 2020 #24

Timing Roy Rolling Sep 2020 #26

My stomach sinks reading this. Sophiegirl Sep 2020 #27

He doesn't. But who's gonna stop him? CrispyQ Sep 2020 #32

Yours is a powerful message and I hope Joe doubles down on exactly what you expressed. CTyankee Sep 2020 #38

We also need to ask the 40-50 year olds, who have been paying into the system for 20-30 years, CrispyQ Sep 2020 #30

Social Security is not a savings plan RandomHall Sep 2020 #39

That is a very smart and effective ad - because it's 100% true. lark Sep 2020 #31

THERE WE GO - THIS is what will get voters to turn against Trump. SMC22307 Sep 2020 #34

That surely resonates with seniors. BlueWavePsych Sep 2020 #40

TY Joe Biden.. one more Shit thing to worry about from the russian agent.. Cha Sep 2020 #46