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To: jim kelley who wrote (56792)10/6/2000 12:05:16 PM
From: Zeev Hed  Read Replies (1) | Respond to of 93625
 
Jim, I think that the 2% is a "phony number" or "Fuzzy math". A lot of the money we pay (2/3?) in payroll taxes is paid out to current beneficiaries, only about a third earns interest (probably at 6%), so it look as if all the money we pay as payroll taxes earns only 2%. The same will apply to the 2% (1/6 of the 12% in SS payments) that Bush intend to "invest" at 19.32%. I think it is dishonest to treat numbers in this fashion.

Zeev


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