Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 268.17

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To: Satyr who wrote (18914)	4/20/1998 8:43:00 PM
From: Adam Nash	Read Replies (2) of 70976

The side that nobody mentions is that if SS was done away with so would be your inheritances. Your parents would be forced to spend all that money you'll wind up inheriting to live their remaining years. And God forbid they may even have to move in with you depending on their financial state. That's what your SS dollars buy. FREEDOM for you and them!!!! What world do you live in where SS cover a retiree's expenses? Why do you think a program for direct transfer of funds is better than investment? SS is a lie. I do not have a 31% tax rate. I have a 38% tax rate. My SS dollars will never come back to me. People get so caught up in the stock market - if I invested even my 7% (forget my employers!) a year in SAVINGS BONDS I would have more money in the end. I do not understand why we don't just admit that what we need is a program for seniors with no money. Make it part of income tax, much lower of course, and just forget this concept of the government providing for everyone's retirement. The gov't should be a safety net, not a big bird net over everyone's savings.

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