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Social Security was never there to help the American people, it was to take their hard earn money, Trump is getting ready to remove the taxes on social security. Fake news already pushing that Trump is hurting the economy. The tariff wars have begun and the other countries are going to lose. Trump building the foundation for the new economy. The [DS] setup of Zelensky has failed. Zelensky realized that the EU cannot support what he wants, plus the EU is divided, Trump trapped both Zelensky and the [DS] players, now he wants to make a deal. Trump is holding his address to congress on March 4, this date back in 1789 was the start of a new government, power returns to the people.
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Economy
https://twitter.com/ultrapepemqtter/status/1896334888233472487
SECURITY CHECK!!! WHERE DID THAT MONEY GO?
Remember, not only did you and I contribute to Social Security but your employer did, too.
It totaled 15% of your income before taxes.
If you averaged only $30K over your working life, that's close to $220,500. Read that again.
Did you see where the Government paid in one single penny? We are talking about the money you and your employer put in a Government bank to ensure you and me that we would have a retirement check from the money we put in, not the Government.
Now they are calling the money we put in an entitlement when we reach the age to take it back. If you calculate the future invested value of $4,500 per year (yours & your employer's contribution) at a simple 5% interest (less than what the Government pays on the money that it borrows)....after 49 years of working you'd have $892,919.98.
If you took out only 3% per year, you'd receive $26,787.60 per year and it would last better than 30 years (until you're 95 if you retire at age 65) and that's with no interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per year, you'd have a lifetime income of $2,976.40 per month.
THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID. Entitlement my foot; I paid cash for my social security insurance! Just because they borrowed the money for another government spending, doesn't make my benefits some kind of charity or handout!!
Remember the benefits for members of Congress? + free healthcare, + outrageous retirement packages, + 67 paid holidays, + three weeks paid vacation, + unlimited paid sick days.
Now that's welfare, and they have the nerve to call my social security retirement payments entitlements? They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives, and now, when it's time for us to collect, the government is running out of money.
Trump Accelerates Stock Market Drop on Tariff Threats
A private survey showed American factory activity last month edged closer to stagnation—slowing growth combined with faster inflation—as new orders and employment contracted. A gauge of prices paid for materials jumped to the highest since June 2022. So how should investors react to all this smoke on the horizon?
Source: bloomberg.com
Will Trump’s tariffs push the U.S. economy into recession? Many economists think so.
Tariffs will affect corporate hiring and put U.S. manufacturers operating globally in a difficult situation
President Donald Trump’s decision to impose tariffs on Canada and Mexico will ultimately result in a recession in the United States, many economists predicted Tuesday.