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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (125468)10/6/2000 1:26:55 AM
From: tejek  Respond to of 1570293
 
PS: Social Security is not really a tax. It is an old age and disability insurance.

Joe, since it is involuntary I don't consider the distinction important.


Tim,

I think you will when you turn 65. ;~))

ted



To: TimF who wrote (125468)10/6/2000 2:00:51 AM
From: Joe NYC  Read Replies (1) | Respond to of 1570293
 
Tim,

Re: SS
Joe, since it is involuntary I don't consider the distinction important.

It's true that it is involuntary, but it is different from a tax. You pay money into it, and there is a formula out there that tells you how much you will get out of it for the $$s that you put in.

Suppose FDR was not irresponsible in giving benefits to people who never contributed, and suppose he created an honest pension system - where the money that you are contributing in would really be there and would be yours. Would you still consider it a tax?

Joe