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


To: i-node who wrote (200202)9/4/2004 11:21:52 AM
From: SilentZ  Read Replies (1) | Respond to of 1573439
 
>WHAT DO YOU THINK KERRY IS GOING TO DO TO STOP THE FAILED PONZI SCHEME CALLED SOCIAL SECURITY FROM BRINGING ABOUT THE TOTAL COLLAPSE OF OUR NATION'S ECONOMY DURING THE NEXT 100 YEARS?

Once again, it comes down to values... to be sustainable, Social Security requires us to make two assumptions -- one, that most of the time, each generation will be a bit bigger than the one before (the Baby Boom was an exception), and that it's acceptable to tax wealthier people to help support those who are less well-to-do.

The second point there is the main issue. Social Security does not work if everyone pays in at the same rate and there's a cap on how much income can be taxed per person.

I feel it's OK, even noble, to have the wealthy pay more; you don't. Therefore, in your eyes, Social Security can't be saved. In my eyes, it can.

I haven't examined Kerry's stance on Social Security (though thanks for reminding me, I should and will), but I can be fairly confident that he isn't going to be pushing private savings accounts at the expense of the traditional system.

-Z