Instead of paying 4.2% for Social Security, you are now paying 6.2% of your pay to the SS ponzi scheme. If you are under 55, you'll likely never see a dime of any of your contributions. You'd have been better off if you had put that money in a savings account than given it to the government to hold for you.
Don't believe me? Look it up.
If you make $50K a year, you just lost 83.33 bucks a month. That's a lot of ammo. Or beer. Or food. Or a good chunk of a car payment.
But the government will spend it more wisely than you would have.
I'm coming to your neck of the woods this weekend, speaking at ERM's Third Annual Winter Seminar in Portland, CT on Satu[...]
16 hours ago