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

To: Tenchusatsu who wrote (218131)	2/8/2005 3:09:08 PM
From: Road Walker	Read Replies (2) \| Respond to of 1572298

re: How is the current system encouraging savings? If anything, the current system is discouraging savings, simply because most people think their SS taxes are going into the mythical "lockbox." First, I can't believe that you are arguing for a whole new welfare entitlement. Your "conservative" buddies might not agree. When you deposit money in a bank, do you think they put it in a "lockbox" with "Ten" written on the front? No, they "owe" you the money. When you buy homeowners insurance, does it go into a lockbox? No, your money pays off other claims. The only difference is that the Federal government is running a huge deficit. THAT'S the problem, and it's a separate issue. You can (mostly) blame Bush and a Republican congress for that. Don't blame Social Security. re: If it's all about preventing poverty among our seniors, let's pay for that out of the general budget. At least revenues from there come from a progressive income tax structure. SS, on the other hand, is a regressive tax. Change it to a progressive tax, and you might as well just blend SS into the actual budget. It's a regressive tax but a progressive benefit. John