PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: gerard mangiardi who wrote (429648)	7/19/2003 4:31:36 PM
From: Peter O'Brien	Read Replies (1) of 769670

An average worker would have been much better off retaining their SS taxes (and their employer's equivalent taxes) over the years and investing it themselves. A worker making 40K would keep the 3K that they pay in SS taxes and also keep the 3K that their employer pays. That is 6K per year, which is hardly chump change. Invested wisely, this 6K per year would grow into a very nice retirement account. It would also be unquestionably _THEIR_ own property. Instead, the worker's 6K per year is being confiscated and fed into an actuarially unsound Ponzi scheme. All the worker gets in return is some vague "promise" of benefits in the future. Now, you tell me, which sounds "more safe" to you???

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