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

To: Road Walker who wrote (364635)	1/22/2008 10:07:01 PM
From: TimF	Respond to of 1586542

As a percentage of all the taxes people pay it would be very small. No it wouldn't. 9.5% of the GDP would represent a noticeably larger percent of taxes. Federal revenue is only somewhere around 20% of GDP, so 9.5% of GDP would be close to 50% of total federal revenue, and some larger percent of individual tax payments. Even if your just talking about the difference between the current percentage and 9.5%, its still an expensive burden. Fertility rates are going up and longevity may be flat or decrease. Fertility rates are moving up a bit, but the general trend has long been down. Even if they stabilize now I don't think they are going to go through a major climb. As for longevity there is little evidence to suggest it won't continue to increase through the 21st century. There are way to many variables.... True, which is why there was such a wide range but anything other than the bottom of the range will be painful, and its unlikely that all the major variables will go the way of lower costs for SS and higher revenues from SS taxes.