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To: Les H who wrote (2983)	12/28/1998 2:49:00 PM
From: James F. Hopkins	Respond to of 99985

Hi Les; OT And that would have been enough too, had the original plan been allowed to work, it was mostly to be a fall back in case of another 29 type crash, and to help give people the nerve to re-invest in the stock market. No way in hell was it to be entitlement, like any insurance you were supposed to be happy if you never needed to collect. Also Privet insurance companies went down the tubes right behind the banks during the great depression, & people were committing suicide in desperation to provide for their families. My grandfather on my fathers side was one of them. " The Death of a Salesman" became a number one seller not because it was good reading, or even that well written. After it was published it wasn't to long before the few insurance companies that survived closed their doors except to the more wealthy. ---------------- Even people who experience pain tend to forget it rather fast, if that wasn't so very few Women would ever have more than 1 baby..and alcoholics after their first real hangover would quit drinking. Jim

To: Les H who wrote (2983)	12/28/1998 8:51:00 PM
From: Carl R.	Respond to of 99985

One big difference between now and then is that when the social security system was founded the average life expectancy was about 3 years less than the retirement age, and thus most people would never live long enough to ever receive anything. Now the average life expectancy is much higher than the retirement age, so almost everyone lives long enough to collect. It would take a substantial increase in the retirement age to make it function like it did in the early days, probably an increase in the retirement age to 75 or 80. Obviously this won't happen, which shows that even with an increase in the retirement age, the social security system is serving a different purpose now than it did in its early days. Carl