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

To: TimF who wrote (211971)	11/18/2004 7:16:14 AM
From: Road Walker	Read Replies (1) \| Respond to of 1573898

re: An additional 10% tax on employment would not be a good idea IMO. Increase 10% on the current FICA tax, not on the wage. re: I'd have to think about whether I would pick that specific cut off point. I probably would not go from full benefits to no benefits at any specific cut off point. The payments probably should be phased out, and if $75k means $75k in 2004 dollars I would probably start the phase out at a lower level. A point of semi-agreement, I'm surprised. re: I don't think the system should be set up in such a way that the middle and upper classes get retirement funding from the government, but we are stuck in the situation that previous decisions got us in, and I would oppose any effort to just repudiate the SS obligation. Privatizing a portion of SS won't save it (though it will certainly be healthy for the financial sector). I gave you my plan, marginally raise FICA tax and eliminate (your idea of a phase out is probably a good one) benefits for those with substantial retirement income. That alone would probably work. What's your plan? I don't think we should raise the retirement age. Hell, the people in this country work harder and longer hours than almost anywhere in the world... they should be able to kick back at age 65 if they want to. Many can't function in their former capacity, especially if it involved physical labor. They built the country that younger folks are enjoying, with their taxes and with their labor, give them a break. John PS re: The change from many workers to retiree to maybe two workers per retiree (and maybe eventually even less depending on how life span and retirement ages change) is an extra burden. I don't buy that; do you have data?