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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (35771)8/18/2010 3:45:13 PM
From: Wayners  Read Replies (1) | Respond to of 103300
 
Of course people like it, and before 1983 it was wildly popular. They are making a decent profit off of the suckers at the bottom of the Ponzi Scheme. Wait till the fools find out that the retirement age has been raised to 70! That is 5 years a. you have to keep working if you can find a job b. That is 5 years of benefits that you will never get, ever! Everybody that dies before age 70 gets zero and people that die say at 72, the life expectancy for a man, they get almost nothing, after paying in for a lifetime at a 15% tax!

An installment plan as I called it, would ensure that people who paid in, at least won't lose any money they were forced to put into the thing. If they stick with SS, there is a very very very good chance that they will get a lot less than what they invested in the thing, e.g. a LOSS. I wonder if I can deduct SS losses as long term losses against other income, such as long term investment gains?