Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: boonton One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19378  
Subject: Re: Pixy's Social Security Comments Date: 5/17/2000 5:49 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Eric's comments are over the top. SSI taxes are no unconstitutional. The 16th Adm. grants the power to tax on the basis of income. As for the assertion that one does not get a 'fair return' on SSI. The I in SSI stands for Insurance, not investment. The idea is that your payments gurantee you a basic retirement income. Looking at them as a return, in the sense that you look a stocks return, misses the point. By this reasoning, auto insurance, homeowners insurance and most other types of insurance are even worse than SSI since you typical pay more in premiums than you get back.

Also, you are not guranteed a 'return' on your tax dollars. You pay for the police but if you never have to call them you aren't entitled to a refund on the grounds that you didn't get a fair return. Similarly, a person with many kids pays the same property tax as a childless person....the childless person is not entitled to a tax cut because they have no children to send to the local school.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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