[cynwoody]

Bush never tried to privatize. The proposal was to “allow” us(mighty generous of them), the hoi polloi to invest 2% of our SS taxes as we choose. 2%. 2 effin percent. That’s hardly privatizing.

Do you have a link for that?

Two percent of what? Of FICA? Or of income? Big difference!

SS should be phased out. Citizens should be expected to save and invest for retirement. Taxes on investment should be eliminated.

Cotton heads of age without savings should, of course, be allowed to go on welfare.

[lewislynn]

Two percent of what? Of FICA? Or of income? Big difference!

There is no difference.

The employee half of FICA is a percentage of your gross income and the employer half is a percentage on your gross income up to about $90,000 gross earnings.

[ChildOfThe60s]

I am going by memory, but I am pretty sure it was 2% of SS tax paid. At the time I thought it was such a minuscule amount for the left to be going apoplectic over.
Which of course clearly illustrated their opposition to anything that hinted of freedom.