Do you think it will end up like social security?
>> Franklin Roosevelt, a Democrat, introduced the Social
>> Security (FICA) Program. He promised:
>> 1.) That participation in the Program would be
>> completely voluntary,
>> 2.) That the participants would only have to pay
>> 1% of the first $1,400 of their annual
>> incomes into the Program,
>> 3.) That the money the participants elected to put
>> into the Program would be deductible from
>> their income for tax purposes each year,
>> 4.) That the money the participants put into the
>> independent 'Trust Fund' rather than into the
>> General operating fund, and therefore, would
>> only be used to fund the Social Security
>> Retirement Program, and no other
>> Government program, and,
>> 5.) That the annuity payments to the retirees
>> would never be taxed as income.
>>
2007-08-27
04:14:27
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9 answers
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Anonymous
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Politics