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Politics : Clinton's Scandals: Is this corruption the worst ever? -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (7152)	9/27/1998 3:46:00 PM
From: Rick Slemmer	Read Replies (1) \| Respond to of 13994

Is it the right time for the United States to be proposing a tax cut vs. helping secure social security (we've all seen how secure a 401K can be!).. or is this all just politics as usual? I can only speak for myself. Before I started trading for a living, I was donating a healthy percentage of my paycheck to Social Security, a federally-sponsored Ponzi scheme to which I was compelled to contribute. I had NO CHOICE in the matter. I knew then, as I know now, that I was far more capable of spending and investing my money wisely than the bureaucrats in DC were. Regardless of who inhabits the White House or Congress for the next few years, there is no guarantee that the money I contributed to the SSA will be there when I am eligible to withdraw it. Social Security was designed to supplement personal savings and corporate retirement plans; it was never intended to be the sole source of income to retirees, and yet the SSA insists on having each successive generation pay for the one before it despite the fact that demographics give no support to the idea. Given that, I would rather have any money from a tax cut refunded back to me and invested as I see fit. If I am too stupid or foolish to save effectively for my advanced age, it shouldn't be incumbent on the taxpayers to bail me out. Too many people see the federal government as the "nanny state," conveniently forgetting that the funds required for such as state come from society's net producers. As far as I'm concerned, the sooner we all learn that we are ultimately responsible for our own welfare, the better off America will be. But I can only speak for myself. RS