[Jimmy Valentine's brother]

Ah, but even though we've long ago left the agrarian oriented society and spent billions of dollars on education you are too stupid to decide what is best for you. Just look at how you spend, spend, spend. The average American couple owes $25,000 and has little or no savings. Thank goodness FDR was smart enough to implement a German ponzi scheme imported via Chile during the depression so that you could be fleeced of 12.4% of your money. Why if you were left to invest that money on your own, at a 10% annual return, you'd be a multi millionaire by the time you were 65. Then where would you be?

I get confused too. ;>)

[Little Bill]

Invest it at the average interest rate for the last 35 years and the amount is staggering, varies on contributions.

[leadpenny]

I berate FDR all the time for starting us down the road to socialism, but in his defense (can't believe I'm saying that), the rate was 1% (2% combined) on the first $3,000 until 1950.

Years ago I remember reading how the cap was determined each year. In 2004 it is $87,900. The plan was/is to insure that the cap includes 94% of workers. That means that 6% of the workers will always make more than the cap. The philosophy is that if you removed the cap, the wealthy (the 6%) would stop supporting the system. Another reason to remove the cap. Remove it and the wealthy will help kill it off sooner.