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To: Richard Mazzarella who wrote (13896)	6/29/1998 2:52:00 AM
From: Zardoz	Respond to of 116795

John, if some in government have their way, there won't be gold there, just Yahoo, AOL, and Microsoft stock certs. Social Security backed by Iomega, I love it. <VBG> Sounds like Japan?

To: Richard Mazzarella who wrote (13896)	6/29/1998 10:23:00 AM
From: John Lacelle	Read Replies (2) \| Respond to of 116795

Richard, Hey now...easy with the IOM bashing. That is still a bit of a sore spot with me... Yea, its funny how the Stock Market has suddenly become this "cure all" for the financial ills of the Nation. I myself would love to see some of Social Security privatized just that if nothing else, people would get a statement every so often explaining how much money they have, how its invested etc. It just amazes me how ignorant most Americans are about this money. The so called "Trust Fund" for Social Security is non- exsistant because virtually all of it is "borrowed" to cover deficit spending by the government. Even more strange is how everyone believes that social security is "fair" in its tax base. This is simply not true. Anyone who makes about $65,000 a year pays the same dollar amount into the fund as Micheal Jordan or Bill Gates. The less money you earn, the greater percentage of your income is taxed for social security. Most Americans (in the lower income tax brackets) pay the maximum percentage of their income into Social Security (12.4%). It is an unfair tax system. Yet these people are brainwashed into thinking that they actually benefit from having the Government take this hugh amount of their paycheck every month and transfered to the richest segment of society. Go figure... -John e