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To: BureaucratusMaximus
I believe %8 to %10 of my paycheck goes for the SS tax

SS is a ponzi scheme, the more people participating the better off you are. You should advocate that we include anyone in the world who wants to pay in for a lifetime.

It is a rotten financial deal for the participants. The US taxpayer wins on this.

119 posted on 01/07/2004 7:29:27 AM PST by VRWC_minion (Opinions posted on Free Republic are those of the individual posters and most are right)
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To: VRWC_minion
The US taxpayer wins on this.

Exactly how does that happen? I figure I can do a much better job investing %8-%10 more of my paycheck than the feds can.

Unless you are operating under the premise that, social security will never go away; so in order to be able to pay the benefits for all the baby boomers till they die (and afterward), the US has to import every 18-35 year old Julio and Lupita they can get to be able to fund it...the alternative to that is to raise the SS tax rate.

122 posted on 01/07/2004 7:34:50 AM PST by BureaucratusMaximus (if we're not going to act like a constitutional republic...lets be the best empire we can be...)
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