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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (173931)	8/15/2003 6:50:46 PM
From: Tenchusatsu	Read Replies (2) of 1574261

David, Kerry is proposing some SS reforms: boston.com Key points: - Kerry proposes cutting off SS benefits for the "wealthy" after they have recouped the money they paid into the federal retirement program during their working life. His was quoted talking about the "right" (yes, the article called it a "right") to recoup the taxes one pays into the system. - He also proposes raising the cap on income that gets taxed for SS from $86K to $100-120K. This is in order to build up the fund for retiring Baby Boomers, thereby perpetuating the Ponzi scheme even more. - He's against raising the retirement age or reducing SS benefits, of course. He's also against Bush's idea of investing part of the SS taxes in the market, because he thinks that's too risky. Personally, I'd rather take the risks of the stock market over the risks of trusting SS, but maybe that's just me. Tenchusatsu

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