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To: businessprofessor
Give the rest of us the opportunity to opt out. That is all that Bush asked for in his social security privatization plan. Social security is privatized for state and government workers (clergy also). If it is good enough for state and government workers, it is good enough for the rest of us.

My reference was pointing out that many state and local govenment employees must now join SS. In 1983, all new federal employees were required to join SS. Regardless, SS is structurally flawed and cannot be sustained in its current form. I support Bush's and others plan to privatize SS. It is a Ponzi scheme. Someone could pay into SS for 50 years and not collect a dime except for a small burial allowance. It is not a pension scheme, but rather insurance. As SCOTUS ruled in Nestor vs Flemming an individual's SS contributions don't belong to him.

Are you a protected government employee who can opt out? Maybe you are protecting your turf here. Please be honest and indicate the stake that you have in the current unfair situation.

I am a retired Federal employee with 36 years of credited service [including military] who didn't join SS or the new system. I did qualify barely for SS from prior employment and so I draw both, now around 100K a year, which increases annually with the COLA. I retired at age 56. I am getting far more out of the system than I paid in.

54 posted on 09/22/2007 4:22:42 PM PDT by kabar
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To: kabar

Thanks for your honesty. I wish that most government employees would support privatization. Most government employees want to protect their deal and stick the rest of us with this mess.

Social security is a wet dream for the dims. The government collects outrageous amounts of taxes and gets to control everyone’s retirement (except of course for the privileged government class). In communist countries, the party members were treated well above the remainder of society. We are near that point now. Government workers are getting privileges and the rest of us are getting the shaft. The dims want to exacerbate this situation by adding a whopper of a tax increase that they will then redistribute according to their sense of fairness and political influence.


56 posted on 09/22/2007 4:33:30 PM PDT by businessprofessor
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