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

To: Lizzie Tudor who wrote (72400)1/17/2000 1:25:00 PM
From: Constant Reader  Read Replies (2) | Respond to of 108807
 
You are, IMO, so incredibly ignorant of the facts that it is impossible for anyone to have an intelligent conversation with you about this subject, these taxes in particular, taxes in general, the benefits paid by this program, the historical basis for any of the above, or the possible consequences of changing the system or allowing it to remain as it is now structured.



To: Lizzie Tudor who wrote (72400)1/17/2000 3:04:00 PM
From: Ish  Read Replies (2) | Respond to of 108807
 
<<The fact remains the elderly are the wealthiest demographic group>>

I think you're confusing wealth with income on being well off.

Elderly couple - $500k in assets.
Home $300k
Bank CDs paying 4% $200k
Pension $6k

A pair of your young workers' assets
$15k in savings
$50k in the market
Two salaries over $100k

Now the elderly are wealthier by $435k but have less income by $186k.

It's the income that will determine who's living well.


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