SocSec is supposed to be a trust fund that you pay into, and get back at retirement. But the contributions cap at a certain income level, it's paid out to rich people who don't need it, and the payouts have no correlation to the cash put in.
Why don't we demand that the goverment stop taking the special SocSec tax from our income, and let US decide what to do with our money? Because the people who are investing and saving DESPITE the SocSec tax will investf and save just that much more, and the people who AREN'T saving and investing, and are stupidly counting on SocSec as their retirement, will qualify for govt poverty programs and will get paid that way.
And don't give me that crap about "it's a promise we made to our seniors." It's a govt program, plain and simple. My govt promised me it wouldn't have sex with interns and then commit perjury about it, and also promised me it wouldn't go to war anymore unless it intended to fight and win, so govt promises mean squat.
2007-03-22
10:16:24
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16 answers
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asked by
Anonymous
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Politics