I know this for sure, every year I get a statement from my employer listing the cost of my benefits for the year.
The actual cost of having me as an employee added onto the cost of my wage package includes time lost to vacation, sick leave, funeral leave, jury leave, cost of medical insurance, 401 K matching funds, and yes my employer's portion of SS payments.
To believe that any less than 13% of your pay is being deducted for Social Security is pure foolishness. Were it not going into .gov coffers our paychecks could be increased by that 6.5% the employer pays.
But us "Boomers" had no choice. That 13% has been forcibly confiscated by the government for forty five years. Who here could not have invested it to pay far better than any returns we will ever see from SS?
They have been stealing it away from me and robbing me of investment opportunities since 1974. By God, yes I am ENTITLED to get at least the small amount back allowed by current SS rules.
