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To: Tenchusatsu who wrote (115836)	11/3/2000 6:31:16 PM
From: Joe NYC	Respond to of 186894

T. Re: Social Security I think it started out as a pension / ponzi scheme, that over time is acquired a some welfare characteristics. For example, suppose Person A pays $1,000 in Social Security taxes, Person B pays $2,000. Person B will receive more in the benefits, but not 2 x as much, meaning that Person B receives less in benefits in order to subsidize Person A's benefits. (ignoring for the moment the fact that the current beneficiaries - A and B - get many times more in benefits than they contributed) Now what Gore is proposing is to make it even more like welfare. What he wants to do is to use general revenue from income taxes to subsidize / bail out Social Security. The way he goes about is tricky. He says that as the country pays down debt, the interest "savings" will be transferred to Social Security funds. Of course, most of the income taxes are paid by higher earning individuals, so this is yet another re-distribution scheme that Gore thought of. Joe