SI
SI
discoversearch

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 : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joe NYC who wrote (220696)2/24/2005 10:38:47 PM
From: Amy J  Read Replies (1) of 1572604
 
Jozef, RE: "I think the existence of formulas that redirect money, so that the low wage earners receive benefits out of proportion to mid and high earners is another reason why Dems are so much against any reform."

This is one part of Bush's plan that I was super surprised the Dems in Congress didn't grab onto in a positive way. This aspect of his proposal is a gift to the needy, for sure, and so was surprised to see Bush do this. So why are Dems in Congress against it?

Am personally annoyed with the cap because it restricts savings by the middle class where the volume of people exist and thus doesn't exactly help grow the 1% savings rate as much as what it could to help solve the USD devaluation tanking the stock market, but definitely can see it's a great way to help poor people because it gives poor people the ability to contribute more money as a % than the middle-class.

As far as the rich go, there are charitable trust for stock options and fancy insurance investment vehicles that allow people to sock away as much money as wanted for retirement that's tax deferred. Overall, the only one that gets screwed in all of this is the middle class person. Maybe that's why Dems are against it?

Regards,
Amy J
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News