It is tragic that so many of We The People believe that “government solutions” exist. Calls for Socialist “solutions” is gathering momentum. Nothing could be more disastrous for you as an individual, or for our country.
A central goal of this blog is to fully expose and demonstrate the fallacy of that cornerstone of progressive “solutions”, Social Security.
Establishment “solutions” to “fix” the myriad problems surrounding Social Security are always “more of the same”: less personal Sovereignty, more government intrusion, higher taxes, or lower benefits.
The TRUE solution, always ignored by The Establishment, creates a nation of Millionaires.
The spreadsheet then calculates the Social Security benefit as prescribed by law. Under current law, that “benefit” is calculated to be $1,056.50.
The spreadsheet also calculates the monthly income if the employer and employee withholdings are, instead, invested in the S&P 500 and NASDAQ Composite indices. That monthly income is calculated to be $1,248.69, and would be available until the taxpayer lived to ninety-one-years-old, well beyond the current life expectancy.
So, the Socialist “solution” is $192.20 per month LESS than the Privatized solution.
The total accumulated by investing as described is $454,468.73.
It is important to understand that this accumulation was amassed during a time that includes the DOT COM bubble burst, the great recession of ten years ago, 1970’s “stagflation”, and other crashes and detrimental events.
The two indices include thousands of stocks. So, the investments are VERY diversified. (SAFE!!!)
If the individual marries someone who lived the same career path, their household would have total assets of $908,937.46. I’d call that damn close to a million dollar household…..but that isn’t true with the Socialist “solution”.
Click HERE to see the calculations supporting this post. Link will open in a new tab.
#ItsJustMath #TheyCan’tGiveItToYouUnlessTheyFirstTakeItFromYou #SocialismHasNeverWorked