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To: Lizzie Tudor who wrote (12886)8/22/2003 1:02:09 PM
From: TradeliteRead Replies (1) | Respond to of 306849
 
<<I suspect that in about 20 years, there will be no sympathy for the elderly in this country whatsoever (right about the time I get old). Which is why I am saving for my own retirement and assuming nothing from the govt will exist for me. >>

It might surprise you to know that many elderly folks (my own father included, who is approaching age 90) believed many years ago that Social Security would not be available to pay him anything. In fact, when my mother died, he debated not even claiming her Social Security benefits, because they weren't going to be that huge. However, he decided to take the money and run, figuring that perhaps he or his kids would never see a dime from SS.

And as for the old stealing from the "productive" young people.....well, just who paid all those taxes to build all those schools, and who paid the college tuition at Stanford and Berkeley to make younger folks like you so smart?

By the way, do they teach age-related attitudes of greed and vindictiveness at those schools? If so, the older alumni should immediately stop contributing money to these institutions. Next time the university needs to build a new classroom building or lab to turn out more "productive young workers" for the tech industry, don't count on the alumni for help.



To: Lizzie Tudor who wrote (12886)8/23/2003 10:06:06 AM
From: Les HRespond to of 306849
 
They have several tax credits that allow filers to receive back more in refunds than they paid in taxes. Blame the earned income tax credit and the child tax credit. They drain about $ 40-50 billion per year out of Social Security.