Why Geezers Are the True Enemy

I call bullshit on the whole claim that they paid more in than
they receive.


Social Security benefits vs. taxes

No matter how much you pay into the system, whether you earn
the average wage over a lifetime ($43,100 in 2010 dollars) or if
you’re in a two-income household where one earns a high wage and
the other earns an average wage, you get back substantially more
than you pay in. But those on the high end of the wage scale pay
proportionally more in taxes than the average wage earner, not
surprisingly.

Example: A male average earner who retired at age 65 in 2010
paid out $345,000 in total Social Security and Medicare taxes, but
will receive $417,000 in total lifetime benefits ($464,000 for a
woman).

A much bigger disparity in taxes versus benefits occurs for
couples. In the case of a household with only one wage earner, the
taxes paid out were $345,000, but the benefits received by both
parties will be $778,000. For two-earner couples where one earned
the average wage and the other earned a low wage ($19,400), tax
payout was $500,000, but benefits will be $800,000.

I agree with them. They deserve EVERY DIME they paid in…and
not one penny more.

Does anyone have a link supporting the claim that the taxes
equal or exceed the benefits?