[kevkrom]

Tax reform and Social Security ping!

This guy has the right approach to convincing folks that private accounts are superior to Social Security -- given all of the facts and an unfetered option on which way to go, who would ever choose the latter?

[qam1]

Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effect Gen-Reagan/Generation-X (Those born from 1965-1981) including all the spending previous generations (i.e. The Baby Boomers) are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.

[qam1]

Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effect Gen-Reagan/Generation-X (Those born from 1965-1981) including all the spending previous generations (i.e. The Baby Boomers) are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.

[expat_panama]

priceless

[elmer fudd]

While investment accounts will be a big improvement over SS as it exists now, there will be plenty of trouble down the road regardless. Whether the money comes out of the economy in the form of payroll taxes or by selling off stocks or pocketing dividends, the fact remains that 50 years from now there will be more old folks who aren't producing wealth and less young folks who are.

No matter how you allocate the wealth it boils down to a less productive economy and that spells trouble. The simple fact is that we need more kids. We're making up the deficit right now by bringing in immigrants, but who's to say that those immigrants will feel obligated to support a bunch of elderly Americans without kids of their own when it comes time for us to retire?

[NittanyLion]

Absolutely hilarious article. And so true...