FICA means Federal Insurance Contributions Act. With these words, it is not a tax. Yet, on the SSA website is described as a tax. It is not a tax. I repeat. It is not a tax. If it were a tax then the money put into my “contribution” to my homeowners’ insurance would be a tax, too, would it not? FICA is a capitalist investment into a pooled insurance resource run by the government. It is not a tax. Need I say this again? FICA is not a tax, no more than the “contribution” I make to my auto insurance is a tax.
My investment with FICA provides me with a better capitalist return on investment than return on investment from my homeowners’ insurance, which stands at 0% over some 50 years of my investment. I wish I had put my homeowners’ insurance premiums into a government-run pooled resource for all those years, then I could make a claim for a return on my investment. As it stands now and with the various companies to which I have invested the funds, there is no good paper trail over time in which I could claim a return on investment. That makes it nicer for the wealthy pigs of America to take money from us and give us no capitalist return on investment.
With FICA/Social Security, we are held hostage to the fat pigs of America who don’t pay a FICA (insurance contribution) which is equivalent for all of us, across the board. The fat pigs don’t make money the old fashioned way, to earn it, as those of us who work hard have done. I don’t answer surveys with “expand Social Security.” If possible, I would want to comment that we need to tighten Social Security which is an equivalent percentage figured for FICA (insurance contribution) for all.