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

To: Kenneth E. Phillipps who wrote (542761)	2/19/2004 2:47:20 PM
From: Srexley	Respond to of 769667

Why won't you answer the question?

To: Kenneth E. Phillipps who wrote (542761)	2/19/2004 8:43:57 PM
From: Peter O'Brien	Read Replies (2) \| Respond to of 769667

Kenneth, once again, payroll taxes are "social insurance" that are supposed to correspond to the "benefit" you will get at retirement. Income taxes have no such implied promise. The fact that payroll taxes are being "invested" in NON-MARKETABLE Treasury debt is regrettable, but it does not change the fact that payroll taxes are assessed on an individual taxpayer in order to pay for a future implied promise to that taxpayer. If you want to get rid of the current payroll taxes and just have one big progressive income tax to fund Social Security, then you are essentially saying that Social Security should be a "welfare program".