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


To: RetiredNow who wrote (215347)1/18/2005 8:02:45 PM
From: neolib  Read Replies (1) | Respond to of 1574005
 
Very good response mindmeld! Thank you. Truthfully, I'm much in agreement with your view as stated here. I diverge the most on this:

2) Wealth transfer would be abolished when you tie all contributions to a social security number and tie benefits to only what can be supported by that specific account. I don't believe retirement funds should be used for charity work. There are better ways to help the poor and the elderly

The structure of SS is fundamentally this. Changing this attribute rather radically changes the nature of retirement in America. Bush, and most people advocating SS reform, are not addressing this issue head on, and do not seem to want the average American to understand that they are tinkering with this aspect. I've never heard it addressed anyway.

SS has been a means of ensuring that poorer working Americans are NOT charity cases in their retirement. I'm not keen on changing that.