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Pastimes : All Clowns Must Be Destroyed
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To: KyrosL who wrote (37783)6/5/2000 10:36:00 AM
From: LLCF  Read Replies (1) of 42523
 
<I am saying that the money that current retirees paid into social security is much less than the money they are getting out of it.>

Including interest??

< At the same time the money that current young workers are paying into social security (which is essentially transferred to current retirees) is much more than what current young workers will ever hope to get out of SS when they retire.>

Well, I would hope not! It looks to me that the problem is that the system is not run like a real pension fund, those paying in should recieve their money plus interest. Unfortunately the whole thing seems to be terribly mis-managed... when the baby boomers are sickly, we'll probably just sack the drug companies and take their drugs from them.

DAK
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