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Politics : PRESIDENT GEORGE W. BUSH
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To: Nadine Carroll who wrote (129839)3/1/2001 11:42:29 AM
From: aknahow  Read Replies (2) of 769667
 
Too bad Social Security is a political issue rather than a common sense issue. The current return on the taxes taken from workers is 2%. This type of return would get a financial advisor in trouble when the yield on U.S. Government Securities is over double that and even compounding is disregarded.

Worse yet is that groups with a shorter life-span do not live long enough to receive full benefits. Both parties worked? When both retire and one dies the benefits will not exceed the higher of the two payments.

Since tax payers do not own their contributions they can't pass on what could have been their own savings to their families. As structured the system discriminates against the poor and minorities. It is a sad joke that those who claim to speak the loudest for the "oppressed" are also those that oppose reforming the system. Privatization is long overdue.
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