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Investing/Strategies / Retirement Investing
|Subject: Re: Don't worry about boomers killing the market||Date: 8/13/2006 9:09 AM|
|Author: Goofyhoofy||Number: 53106 of 78158|
When you are a public figure you must speak clearly and not missrepresent yourself. That is why old Al didn't get in.
As opposed to that terrific public speaker George Bush, who said "I'm a uniter, not a divider." Got it.
You are right on the money! We paid in but most will collect much more than they ever put in.
Actually not, according to your boys in the White House:
Future retirees on average can expect to get back from Social Security barely more than they put in. The first generations of workers covered by Social Security experienced low payroll tax rates because there were relatively few retirees to support in the early years of the program. The earliest cohorts also paid taxes for only a portion of their working lives. Consequently, these early generations enjoyed a high rate of return from the program because the benefits they received exceeded their payroll tax contributions by a comfortable margin. As the system matured, payroll taxes rose to support an expanding beneficiary population, and rates of return declined
I think most of the liberal left also voted for the war, mongers?
Sure, based on cooked and false information.
Note to the board: I apologize, I know I shouldn't respond to ignorant trolls, but it's Sunday morning and the newspapers haven't arrived yet, so I have nothing else to do.
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