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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 (53603)	2/12/2006 11:30:48 PM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 110194

"Everyone pays the same rate I pay, but like you they just don't realize it. They are using your faulty logic in thinking that someone other than them pays the half they don't see" Sorry I gave you that impression. I realized a long time ago that those who employed me paid 100% on top of what I paid annually. No small number when considering a 25 year span,granted. But,I only paid half of what went into my account record,the employer paid the other half. If your position is everyone pays the same rate by virtue of total account deposits then I would agree. Outside of that I fail to see your point. I too would love to float my own boat regarding SS account deposits and be solely responsible for her tender outside of betting on the markets. More work needs to be done on this thought. The problem I see with all that is the huge hole that would be left for future trust fund liabilities. I have failed to see how self managed individual accounts would correct the under funding liabilities moving forward. As we stand now,everything being equal and moving forward some 25+ years, liabilities are projected to exceed gross receipts. Allowing me to walk away from the system entirely never having to pay in again but foregoing future benefits would place me at a huge disadvantage;it would be unfair and unjust,having already paid(hypotheticly speaking)25 years into the system. Your views and or ability to ' cut your losses ' is more a reflection of those,who like you,are represented in the upper income tax bracket and justified by like position.