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To: KyrosL who wrote (37783)	6/5/2000 10:04:00 AM
From: Charles P. Hubbard	Read Replies (3) \| Respond to of 42523

If you go in to a Social Security office, you will see mostly young people signing up for disability payments which are larger than old folks SS payments. Many of them have questionable disabilities associated with minor mental problems etc. All they need is a lawyer who gets the first $4,000 of the benefit. I paid the maximum into SS all my working life, and by my calculations, I will have to live to age 82 to break even at 5% interest. There are both winners and losers in the SS system. It is a marxist type system with big differences in what workers pay in, but small differences in the benefits at normal retirement. Don't believe the political crap. Know your facts. CPH

To: KyrosL who wrote (37783)	6/5/2000 10:36:00 AM
From: LLCF	Read Replies (1) \| Respond to of 42523

<I am saying that the money that current retirees paid into social security is much less than the money they are getting out of it.> Including interest?? < At the same time the money that current young workers are paying into social security (which is essentially transferred to current retirees) is much more than what current young workers will ever hope to get out of SS when they retire.> Well, I would hope not! It looks to me that the problem is that the system is not run like a real pension fund, those paying in should recieve their money plus interest. Unfortunately the whole thing seems to be terribly mis-managed... when the baby boomers are sickly, we'll probably just sack the drug companies and take their drugs from them. DAK