Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Tolerance Sucks Rocks
I heard that on average, each recipient gets his money back in FOUR years. IOW, turn 69, collect welfare...

I believe that the maximum any now-retired person could have paid over their working tenure only amounts to a few years. Four is close as I recall; may be exactly right. What is certain is that even the people who paid the max every year will be collecting welfare off your and my check.

31 posted on 04/18/2002 5:06:01 AM PDT by NittanyLion
[ Post Reply | Private Reply | To 21 | View Replies ]


To: NittanyLion
I believe that the maximum any now-retired person could have paid over their working tenure only amounts to a few years. Four is close as I recall; may be exactly right. What is certain is that even the people who paid the max every year will be collecting welfare off your and my check.

There is a lot more to it than a simple addition of money paid in vs. money received.

If the money paid in were placed in a bank account, the interest earned over the years would be more than the total funds deposited.

If the money were invested in accordance with any type of view toward modern portfolio theory the returns would be even greater.

I would much rather have the real value of what I have contributed, with interest, than a promise of some kind of payment from the government.

97 posted on 04/01/2003 9:59:40 PM PST by CurlyDave
[ Post Reply | Private Reply | To 31 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson