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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (115802)	9/15/2008 9:47:47 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

skeeter, >the problem is that SS tax is still money out of people's pockets and is just as real as any other kind of tax.< I agree that it can be a cash flow issue, but it's not the same as other taxes. We've discussed this already (probably more than once). So there is certainly no reason to do it again. But SS is different in that you can get a report on your contributions and see exactly what your benefits will be in the future. It's not really like other taxes where there is no dollar for dollar correlation between what you pay and what you get in the future. I actually consider my future SS payments as an asset on my balance sheet. It's a kind of supplemental retirement plan that contains aspects of a pension and aspects of insurance. Now the problem is that government can change the payment rules and the resultant values a lot whenever it wants, lie about inflation, force me to pay into it even if I don't like the deal etc... which makes it inferior to my private savings invested in varied products, but it's still an asset.