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Subject:  Re: Future of retirement Date:  9/18/2011  7:40 PM
Author:  JAFO31 Number:  69612 of 81338

alchook: "There is a certain sense of outrage that Social Security taxes are capped. What's generally ignored is that the benefits are capped as well."


"Furthermore, the benefits are progressive in that they replace a larger percentage of a lower earner's income than a higher earner's."

Point taken, but I believe that would be regressive, not progressive.

"It was meant to benefit everyone rather than to function as a welfare program."

It has always been a welfare program. Taxes are payed to those with earned income and often (though nto always) to people wit little or no earned income.

Regards, JAFO
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