SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.95+0.3%Dec 1 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Victor Lazlo who wrote (157514)5/29/2003 11:26:57 PM
From: Oeconomicus  Read Replies (2) of 164684
 
I'd be in favor of means testing for SS on the benefits after they get out what they put in. After all it's not suposed to be a tax.

You are right. Lizzie seems to forget that it is an involuntary pension system, not a tax. It is not "regressive" at all - highly paid workers simply cap out on the maximum contributions to (and benefits from) the system.

BTW, there's another reason why Skeeter's Buffett argument is bogus - Buffett skewed the comparison with his secretary by including SS contributions in their effective tax rates.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext