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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.90+0.1%Dec 4 4:00 PM EST
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To: Richard Mazzarella who wrote (13896)6/29/1998 10:23:00 AM
From: John Lacelle  Read Replies (2) of 116795
 
Richard,

Hey now...easy with the IOM bashing.
That is still a bit of a sore spot
with me...

Yea, its funny how the Stock Market
has suddenly become this "cure all"
for the financial ills of the Nation.
I myself would love to see some of
Social Security privatized just that
if nothing else, people would get a
statement every so often explaining
how much money they have, how its
invested etc. It just amazes me how
ignorant most Americans are about
this money. The so called "Trust
Fund" for Social Security is non-
exsistant because virtually all of
it is "borrowed" to cover deficit
spending by the government. Even
more strange is how everyone believes
that social security is "fair" in
its tax base. This is simply not
true. Anyone who makes about $65,000
a year pays the same dollar amount
into the fund as Micheal Jordan or
Bill Gates. The *less* money you
earn, the *greater* percentage of
your income is taxed for social
security. Most Americans (in the
lower income tax brackets) pay the
maximum percentage of their income
into Social Security (12.4%). It
is an unfair tax system. Yet these
people are brainwashed into thinking
that they actually benefit from having
the Government take this hugh amount
of their paycheck every month and
transfered to the richest segment of
society. Go figure...

-John

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