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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (200206)	9/4/2004 11:39:43 AM
From: i-node	Read Replies (1) of 1573676

Once again, it comes down to values... to be sustainable, Social Security requires us to make two assumptions -- one, that most of the time, each generation will be a bit bigger than the one before (the Baby Boom was an exception), and that it's acceptable to tax wealthier people to help support those who are less well-to-do. You haven't studied much math or risk management, have you? I haven't examined Kerry's stance on Social Security (though thanks for reminding me, I should and will), but I can be fairly confident that he isn't going to be pushing private savings accounts at the expense of the traditional system. Yet, you cited Kerry's plans for SS as one of the reasons you're going to vote for him? Where's the sense in that? The idea that you're going to raise taxes to handle it reflects how little you know about it. 50 years from now, to sustain SS's benefits, you would need a tax rate approaching 50% JUST TO HANDLE SS. Add Federal & State income taxes on top of that -- you have a combined tax rate of 85%. You really think you want an 85% tax rate for your children? Do the words "tax revolt" mean anythig to you?

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