UnThreaded | Threaded | Whole Thread (53) | Ignore Thread Prev | Next
Author: absmith Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5267  
Subject: Re: Answers to Adder715 questions Date: 11/16/2000 6:34 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 9
As with my comment above to absmith, I don't see the issue as "is SS perfect?". I see it as "is SS better than the alternatives?". If I've got to cut benefits to everyone over 45 by 70% to get out of SS, I would decide to stay. The current program isn't that bad.

Thanks Adder.

Certainly I realize that a phase out would be neither easy nor painless. I would be willing to continue to pay the SS tax (at a reduced rate) to fund Baby-Boomer benefits even though I know I would be receiving no benefit as I long as I knew there would be an end to it. In my oipinion, it would be for the good of the country long-term as it would return to the worker part of his rightful due. I am also not naive in that every worker will plan appropriately for his/her retirement and utilize a tax-deferred retirement vehicle, however, through education, in time, this step could be made.

Government should not be a hand-holding, money-doling entity under our Capitalistic economic structure. Socialistic programs such as SS are a slight against our people and our Founding Fathers. I certainly don't buy the argument that it represents an evolution of ideas, or its needed in our newer, more modern economy and world. The vision of Hamilton, Jefferson, Franklin, et al was enormous in scope. Let's not ruin it now with programs that promote irresponsibility for oneself.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (53) | Ignore Thread Prev | Next

Announcements

Social Security Website
www.ssa.gov is a massive information storehouse about all things Social Security. Check it out if you're looking for anything from general info to personalized answers.
Post of the Day:
Apple

Apple and Ninety Years Ago
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement