Thats Right I forgot about that since you mentioned that but there is 3 Counties in Texas that have done it which was a smart move since Liberal SCOTUS ruled that individuals have no contractual or property rights to Social Security Congress and the president may change, reduce, or even eliminate benefits at any time.Indy, what's the name of the county in Texas that opted out of social security and instead invested it and now have an infinite amount percentage better return than social security?
Perry Is Right: There Is a Texas Model for Fixing Social Security
Since 1981 and 1982, workers in Galveston, Matagorda and Brazoria Counties have seen their retirement savings grow every year, even during the Great Recession. The so-called Alternate Plan of these three counties doesn't follow the traditional defined-benefit or defined-contribution model. Employee and employer contributions are actively managed by a financial plannerin this case, First Financial Benefits, Inc., of Houston, which originated the plan in 1980 and has managed it since its adoption. I call it a "banking model."
Social Securitys Sham Guarantee
They are not guaranteed legally because workers have no contractual or property rights to any benefits whatsoever. In two landmark cases, Flemming v. Nestor and Helvering v. Davis, the U.S. Supreme Court ruled that Social Security taxes are not contributions or savings, but simply taxes, and that Social Security benefits are simply a government spending program, no different than, say, farm price supports. Congress and the president may change, reduce, or even eliminate benefits at any time.
Warren Court(Liberal Majority between 1953 and 1969)
The Warren Court refers to the Supreme Court of the United States between 1953 and 1969, when Earl Warren served as Chief Justice. Warren led a liberal majority that used judicial power in dramatic fashion, to the consternation of conservative opponents. The Warren Court expanded civil rights, civil liberties, judicial power, and the federal power in dramatic ways.