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Politics : Foreign Affairs Discussion Group

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To: geode00 who wrote (262312)	4/22/2008 6:19:10 PM
From: TimF	Read Replies (1) of 281500

Social Security does provide diability payments and survivors benefits in addition to providing payouts to retirees. That part could reasonably be considered insurance. Although the "contributions" toward it are still taxes. That is, there is no baby boom following directly on the heels of this baby boom I never said or implied that there was. What there is is increasing life spans, and generally decreasing number of children. The earliest baby boomers have started to retire, but even before any of them had retired the number of workers per retiree had greatly declined. The baby boom isn't the only issue. No, the problem with the SS tax is that it is REGRESSIVE and thus unfair. I might agree that this is a problem. I could agree to removing the cap, but not in isolation. Reduce the SS rate, and reduce income tax rates (while cutting loopholes and targeted tax breaks), and you can get my support. But while it is A problem, it isn't THE problem. THE problem is that the costs of entitlements is spiraling out of control. It doesn't matter exactly how you pay for them, the cost will be too high.

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