An Investment?

An Investment?

Photo credit: http://freedomkeys.com/

Interesting that so many people think of Social Security as an investment program (a fund you pay into that you can draw from later) instead of what it really is, a “tax and spend wealth transfer” (the tax that you are forced to pay now goes to pay the elderly now, with the promise that when you get older, the taxed youth will be forced to support you). 

“It is not savings, but a tax and spend wealth-transfer by government coercion. There is no fund, only a gun—pointed at workers forcing them to pay for the retired generation.” (Joel McDurmon)