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

To: TGPTNDR who wrote (173810)	8/14/2003 4:44:41 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1574187

TGP, I wish there'd been Roth IRAs around when I started working. But, I doubt they'll be 'tax free' when you retire. I don't have a Roth IRA, but you bring up an interesting point. Tenchusatsu

To: TGPTNDR who wrote (173810)	8/14/2003 4:53:35 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1574187

RE:"I doubt the government has done as well with the money they taxed away from me." You know darn well they just turned around and paid it out. Never invested it, that's for sure. The first batch or SS recipients up to say 1995 really cashed in on their investment. Jim

To: TGPTNDR who wrote (173810)	8/15/2003 4:40:42 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1574187

tgp, I'd like to see a return from the money taxed from me to SS equal to what I'd have gotten in free market But that's not the way SS works. The money you paid in were never invested. They were spent the same day on checks sending to current retirees. It is not reasonable to expect any return on the investment, because there was never any investment made. Joe

To: TGPTNDR who wrote (173810)	8/15/2003 5:34:31 PM
From: i-node	Read Replies (3) \| Respond to of 1574187

I'd like to see a return from the money taxed from me to SS equal to what I'd have gotten in free market investments. WOULDN'T WE ALL!!!! The reality is that (a) it was "invested" at a tiny fraction of the earning rate, and (b) if we did that, how would we fund the benefits for all those people who are getting FAR MORE than the appreciated value they've paid in? The mistake we call "Social Security" was ill-conceived from the outset. The program was NEVER actuarily sound, and anyone who looked at it objectively knew it would eventually crash which is what is happening right now. I had hoped Bush would deal with it but clearly the Democrats have chosen not to allow it. The only hope is that he will deal with it in the second term when he can't be hurt by the politics of it.