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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?


To: Bob Lao-Tse who wrote (71913)1/10/2000 8:27:00 PM
From: Lizzie Tudor  Read Replies (2) | Respond to of 108807
 
If someone can give me better words for 1) someone who pays $1 into a system and takes $20 out, and 2) someone who puts $20 into that same system and takes $1. out - I would use those definitions. The first sounds like welfare.



To: Bob Lao-Tse who wrote (71913)1/10/2000 8:35:00 PM
From: Michael M  Read Replies (1) | Respond to of 108807
 
Make that "compound interest" if you don't mind, Bob. And, don't forget, the buck a guy put in 40 or 50 years ago was worth quite a few Y2K greenbacks. M



To: Bob Lao-Tse who wrote (71913)1/10/2000 9:09:00 PM
From: Ish  Read Replies (1) | Respond to of 108807
 
<<Ummm, how long does it take someone retiring today to get back absolutely every penny they paid in plus, oh, say, 10% interest? Six months? A year? Two years? Probably not much more than that.

Here's a post from nihil who will retire in about 5 months. He's looking to get back 11 times what he paid in.

Message 12383762



To: Bob Lao-Tse who wrote (71913)1/11/2000 8:44:00 AM
From: Bill  Read Replies (1) | Respond to of 108807
 
All I'm saying is that inequities in the tax code do not equate to welfare. The elderly contributed what was demanded of them, no more no less, for 40 years. A true welfare system would be paying them for not having contributed.