Attention Gen X & Gen Y: Sign this petition to save $120,000 (and Social Security)
Posted by Todd Hagopian (@ToddHagopian)
We are urging all Gen X & Gen Y taxpayers to sign the following petition: http://wh.gov/l8s3E
According to the Social Security Administration, Social Security will be insolvent by 2033. This means that if you were born after 1968, you will likely never receive a check from Social Security, yet you will continue to pay taxes to fund the retirement of others who paid far less than you will.
What Does That Mean For You?
If you are an average Joe/Jane, you probably make around $50K/year. You will end up paying approximately $120,000 into Social Security before it goes belly up in 2033 (including your employers contributions). You will get exactly 0% return on that investment, since you will never see a Social Security benefit check in your lifetime.
If you are a successful Gen X or Gen Y business person (or you think you will be in the near future), you could pay up to $500,000 into the Social Security system between now and 2033 (counting your employers contributions). You will pay over $500,000 into an entitlement program that will never pay you a dime in return!
Ready to sign the Petition yet? Click here: http://wh.gov/l8s3E
Why Are Employer Contributions Important To Consider?
First of all, if you are self-employed, which many of the affected folks are, then you pay both the employee and the employer contribution. Second of all, Employers pay over $400 BILLION dollars into the program each year. This is money that could be given back to the employees in raises, given back to the consumers in lower prices, or given back to the shareholders in higher stock prices. All of these affect YOU more than Social Security ever will, since you will NEVER receive a Social Security benefit check.
I assume that you are ready to sign now? Click here: http://wh.gov/l8s3E
This is a follow-up to my article on why Social Security should be labeled a Ponzi Scheme:
In today’s article, I am targeting my comments directly at the people who the politicians are hurting most by not reforming the popular entitlement program.
Attention Gen Y: YOU need YOUR help to stop this from happening!
Sign this petition (http://wh.gov/l8s3E), share it with your friends, post it all over Social Media, and make a difference today!
- Gen Y & Social Security – The Ultimate Ponzi Scheme! (toddhagopian.wordpress.com)
- CHART: The Social Security Cliff (businessinsider.com)
- Reforming Social Security (centristreformer.wordpress.com)
- Doctor Asks Whether Social Security is an Illegal Ponzi Scheme, in the Journal of American Physicians and Surgeons (virtual-strategy.com)
- Social Security: The Most Successful Ponzi Scheme in History (thenewsdoctors.com)
About Todd Hagopian (@ToddHagopian)Todd Hagopian received his BA from Eastern Michigan University with a major in Political Science. After graduation, he worked as a Financial Advisor and a Bank Manager before returning to school. He attended Michigan State University, where he completed an MBA with a double-major in Finance and Marketing. Todd is now a Senior Product Development Manager for a Fortune 500 company. He frequently writes about business issues, social media strategy, and political issues that he finds important. Enjoy the blog!
Posted on December 18, 2013, in Petitions, Politics and tagged Gen X, Gen Y, Generation X, Generation Y, Retirement, Social Security, social security reform, Tax Reform, tea party. Bookmark the permalink. Leave a comment.