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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (44960)10/11/2000 12:28:16 PM
From: kvkkc1  Read Replies (1) | Respond to of 769667
 
Neocon,
You are correct in your calculation, but to put it in terms that flatsville and even brainflagellationjack can understand, I think we need to present it another way. Every time our employer pays us, he deducts 6.2% of our earnings that goes to the social security "trust fund". Your employer pays an equal figure of 6.2%, so the entire amount per employee that goes to the social security "trust fund" every payday is equivalent to 12.4% of each employees earnings, i.e., payroll tax. If Bush's plan is implemented, 10.4% of each employees earnings will go to the social security "trust fund" while the remaining 2%, that was formerly part of the 12.4%, would go into a private savings account, in the individual's name, if they opted for partial privatization.knc



To: Neocon who wrote (44960)10/11/2000 12:28:53 PM
From: Bob  Read Replies (1) | Respond to of 769667
 
I stand corrected, I like that better also.
My preference would be let me opt out completely and I will give up all monies paid in to this date, but I understand that there is a need for all of us to help those who can't help themselves. That is why I propose 50% reduction in payment and a 75% reduction in benefits. I am willing to contribute 25% of my govt. forced contribution to help those people.

bobp


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