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

To: steve harris who wrote (215387)	1/19/2005 11:36:44 AM
From: neolib	Respond to of 1573817

no, you people don't have a clue. SS payroll taxes use to be 2% and 16 workers supported a recipient. Now the SS payroll taxes are over 12% and 3 workers support a recipient. Sure, there ain't no problem...... That's why you won't let me withdraw from the ponzi scheme; my money is going right back out into a recipient's pocket.... We are discussing how the money is accounted for. Not the magnitude of money required. Totally independent issues. If you want to lower the overall tax, then cut benefits. This has nothing to do with how the money is held unless you can get a better ROR. A better ROR has nothing to do with whether a single entity such as SS Admin holds the funds and invests them, or numerous private entities (banks, financial institutions) hold the funds and invest them PROVIDED they invest in similar instruments. To recap: 1) Original source of funds (SS Tax) 2) Payout formulas (AIME, PIA, individual accounts) 3) Fund holder (SS Admin, financial institutions) 4) Investment vehicles (Special treasuries, T-bills, stocks) are completely independent of each other. Anyone with moderate intelligence should be able to understand that. A) The SS Admin could track individual accounts and invest in stocks. The payout would be to the individual and heirs only. B) Private individual accounts could be limited to T-bills only, and subject to AIME/PIA social plundering when the money is removed. Anything in between these two extremes is possible. Bush needs to discuss all the aspects and point out why change is needed and how the proposed change affects each independent aspect of SS.