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To: Luke21
People forget that we boomers have paid into SS our entire lives, and are the first generation to do so.

Though not at anywhere near the rate we currently enjoy (thank you Ronald Reagan, not). The Boomers have paid a much smaller average percentage of their income over their lives than GenX and younger. Hell, the tax rate has almost doubled in my lifetime and I am not even a Boomer.

When Boomers started working, the tax rate was a few percent. Geezer taxes are now on par with the most expensive State tax loads in the US, and the younger generations have no opportunity to slink into retirement anytime soon.

122 posted on 06/24/2006 12:36:56 PM PDT by tortoise
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To: tortoise

boo hoo. The incessant crying and whining by Gen Xers is just breaking my heart. The older generations paid a much higher tax rate for a good portion of their lives and many were working when the 401K plans weren't available. They saved and did without things to make the kids lives better than theirs.


135 posted on 06/24/2006 12:51:28 PM PDT by bfree (Liberalism-the yellow meat)
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