PRESIDENT GEORGE W. BUSH Message Board

STOCKTALK

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.

Politics : PRESIDENT GEORGE W. BUSH

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kenneth E. Phillipps who wrote (670990)	2/3/2005 4:19:29 PM
From: Wayners	Read Replies (1) of 769670

I posted earlier a link to a site that lists exactly what the social security tax rates were then compared to now. Anybody that paid in at the beginning paid in less than a fifth of what people pay in now as a percentage of their income yet those that paid in the least, such as yourself expect to receive the benefits of people that paid in five times as much, while those paying in now fully expect to receive little or nothing in return. Social Security is nothing more than a a chain letter scheme to benefit those that paid in nearly nothing at the top of the pyramid while ripping off everybody at the bottom of the pyramid. Having paid the highest rates for the past 17 years, I fully expect to get a pittance in 2035 while all the extra dollars went to pay outrageously generous benefits to those that paid in 3% to 6%. People today pay in 15% of their incomes!!! 7.5% comes out of paychecks automatically plus all our salaries are reduced by another 7.5% so that our employers pay their half in payrolls taxes. Thats 15% Compare that to your 3% to 6% payments. Fair huh?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next