Politicians and Unions DEMAND a yearly increase in wages over and above the governments contrived inflation rate . To be fair the minimum wage should be tied to the inflation rate but often it is not increased for 5 to 7 years. The government omits certain items in order to keep the percentage low. When the price of steak increases dramatically , they substitute hamburger or chicken . After paying 12.4 % Social Security for every dollar you earn for 45 years it can easily add up to over $ 700,000.00 when you add on a modest 3 % compound interest .
Divide that by 20 years retirement [ 65 to 85 years old ] and you have a minimum of $ 35,000.00 a year
retirement payout. Instead you are lucky to get $ 18,000.00 a year. Now the government has labeled your savings / contribution an entitlement . Con Artists all . Time for a Coup d’ Etat .
Yearly average inflation rate.
2014…… 1.62 % 2013 ……1.47 % 2012 ……2.07 % 2011 ……3.16 % 2010 ……1.64 %
2009……-0.34 % 2008 ……3.85 % 2007 ……2.85 % 2006 ……3.24 % 2005 ……3.39 %
2004 ……2.68 % 2003 ……2.27 % 2002 ……1.59 % 2001 ……2.83 % 2000 ……3.38 %
InflationData.com
Get all Historical Inflation Rates since 1913 from InflationData.com

For example let’s start  with $ 1000.00 a month Social Security payout in 2000 and multiply it by the yearly inflation rate , 15 years later
in the year 2015 , the monthly Social Security payout would be $ 1420.29 , a 42 % increase………but when you consider
that the government twists , distorts and outright LIES about the true inflation rate , the payout should actually be higher .
Going back 10 years to 2006 , my S.S. monthly payout was $ 1510.00 a month . Using the inflation chart above I should now be earning $ 1820.00 a month but am actually getting a monthly check of $ 1609.74 . I am being cheated out of $ 210.00 a month , $ 2520.00 a year of my own lifetime contribution.
P.S. By downplaying the true inflation rate the government saves multi Billions a year in Social Security , Military pensions and government employee pensions . How do you tell when a politician is lying ? ……………. When he opens his mouth.           At present S.S. tax is deducted from earnings up to $ 118,500.00 . The average wage is in the range of $ 50,000.00 to $ 60,000.00
The mega rich who earn multi Millions a year can easily afford to pay the 12.4 % Social Security tax over and above the $ 118,500.00 .  The 12.4 % S.S. tax on $118,500.00 equals $ 14,694.00 ….the MAX payout.  That is chump change to the millionaires and Billionaires  It is laughable . They get a free ride at everyone else’s expense. Every year Forbes Magazine lists the 400 top Billionaires in the U.S.  The wealthiest of all is Bill Gates / Microsoft whose net worth is 81 Billion .  The lower end of the 400 are worth about 1.55 Billion each.   Remember $ 1,000,000,000.00 [ Billion  ] is  1000  X   $ 1 Million . They can easily afford the extra Social Security tax compared to the average working man.   Now let’s look at the politicians who do NOT pay into Social Security . After serving 1 or 2   4 year terms , they are entitled to a generous pension when they retire .  Congressmen receive $ 174,000.00  a year for life .  The President receives$ 450,000.00 a year  for life .  They both NEVER paid $ 1.00 toward their retirement.  The average working man who paid in every year for his entire life receives about $ 12,000.00 to $ 18,000.00 a year for life .  And now because Trillions are missing [ borrowed by the corrupt politicians ]  they call the monthly payout an ” entitlement .”   And the dumbed down masses bend over , smile and say thank you.  This change in policy would go a long way in solving the financial shortcoming . Considering politicians
allowing mega corporations to off shore heavy industry which are the high paying jobs which means lower wages for the average working man while the corporate world White Shoe Boys have doubled their income in the past 15 to 20 years . Back in the 1970’s the average C.E.O. earned about 40 times the average factory worker , now they ” earn ” about 350 times the average worker.  Greed rules.   Lower wages means less income taxes and Social Security paid in . The days of wine and roses [ 1955 to 1995 ] are over. Amerika …..R.I.P.
Herman a.k.a. Arminius Aurelius