Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: The Loan Arranger
I turned 65 and I wish they had allowed even 10% of the pyramid scheme called social security to be used for personal investing.
The people who do not want people to control even a part of their money that is stolen by government fiat are the ones who are afraid it will not remain a welfare fund.
2 posted on 01/05/2005 4:12:06 AM PST by HuntsvilleTxVeteran (If someone says "sak", you should sak.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: HuntsvilleTxVeteran

>>I turned 65 and I wish they had allowed even 10% of the pyramid scheme called social security to be used for personal investing.<<

Have you done well with personal investments with the same financial institutions that will be receiving the payroll taxes to manage under Mr. Bush's reform program?

I know many people, age 70 and older, who are working full time, because their pension funds sustained huge losses during the last market ‘adjustment, leaving them with little for retirement. I assume that their social security contributions have become very important to their ability to feed themselves. And what about the elders who are infirm? They eat because of their investment in social security. What if there had been only pension funds available to them and no tax fir social security--would the infirm eat at all?

Most people I know don’t even trust the current US investment community or the stock markets—too much corruption has been endemic for too long, so they sit on a lot of cash right now. I know I would not want my payroll taxes going to Wall Street.


6 posted on 01/05/2005 4:57:34 AM PST by Risa
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson