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URL:  http://boards.fool.com/yzf1k-suggests-if-ss-is-going-to-become-welfare-15464764.aspx

Subject:  Re: Help! My Social Security is in Lucent Date:  7/28/2001  11:36 PM
Author:  intercst Number:  46682 of 753234

YZF1K suggests,

If SS is going to become welfare, in that it becomes an outflow of wealth in the present with an explicit statement that there will be no offsetting inflow, at all, for some people in the future, put it in the budget like any other welfare entitlement, move the [Social Security] taxes into the income tax structure, and let people see what their real tax rate is, since SS "contributions" will no longer be buying inclusion in the program for many.

Where have you been? I've always considered Social Security FICA a tax rather than a retirement contribution I was likely to get back in the future.

That's one of the reasons I retired early. <grin>

intercst

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