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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (212773)	12/6/2004 2:43:57 PM
From: Road Walker	Read Replies (1) of 1573824

re: Since that's not going to happen, I propose getting rid of the ceiling altogether, then immediately reducing the payroll tax rate by a third. Benefits can still be capped at whatever level they're capped at. This way, we can pay for the transition to a more privatized SS program. Will this amount to taxing the rich? Yeah, probably; I haven't done the math yet. I'm just tossing out an idea. I agree... with the exception of cutting the payroll tax. Get the transition costs paid, then think about cutting FICA taxes. The "rich" also get a benefit if the personal savings rate increases... it will lower interest rates and make capitol more available for companies. We've got to start being realistic about what this country can and cannot afford. John

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