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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (20413)	1/6/2005 1:45:13 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 78702

Larry, That smacks to me as being a prime piece of disinformation. There are any number of points he states as fact that are, IMO. blatantly false. Example: "If the economy grows faster and wages rise, this produces more tax revenue. But the faster wage growth also means that we owe more in Social Security benefits. This has produced a never-ending cycle of higher tax burdens, even during periods of robust economic growth. It is the classic case of the dog chasing his tail around the tree; he can run faster and faster, and never make any progress." I personally capped out my SS retirement benefits some years ago. That hasn't stopped the Fed from taxing me each and every year. I continue to pay the max in but my benefits are capped. This the the reverse of what he stated.