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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (53517)	2/12/2006 1:10:04 PM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 110194

You wrote; "You can't be serious that at 12.4% for SS and 2.9% for Medicare we aren't close to the limit of what individuals are willing and able to pay for a pittance in their old age. It is easily already twice what it would cost them to buy the same protection in the private sphere." Yes I can be serious. Remember this,where this conversation first started? Message 22151469 So lets examine the past 25 years. Remember these numbers are only half of what a self employed indivdual would pay. Using the numbers taken form the above link that I originally posted: 1981: 6.65% (remember,self-employed paid twice this rate) 1982-83: 6.70% (remember,self employed paid twice this rate) 1984: 7.00% (remember,self-employed paid twice this rate) 1985: 7.05% (remember,the above) 1986-87: 7.15% (remember,the above) 1988-89: 7.51% (ect..) 1990 and later: 7.65% (self-employed paid twice this rate) So,in the past 25 years the Federal government has only managed to raise the rate for the self employed by less than 3 percent of every taxable dollar. Over 25 years and only less than 3%!! Unbelievable. So in answer to your question; No,I do not believe we are close to the top tier of what indivduals would be willing to pay. They may not like it,but they will pay. Your views are slanted toward a privatization of the sytem. More money to chase the equity markets (stock market)the real ponzi scheme,imo. Why am I not surprised.