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Author: alchook 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 78325  
Subject: Re: Future of retirement Date: 9/19/2011 12:08 AM
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First, you were previusly discussing benefits, now you are discussing taxation.

I don't know how to discuss one without the other.

The ratio of taxes paid for benefits received increases with income.

"The expression has been, "Programs for the poor are poor programs." "

I have never heard that expression before and I fail to see its relevance to the discusssion at hand.


I've never heard a detailed discussion of Social Security without it.

Social Security was developed so that growing old didn't have to mean poverty. One way to accomplish that would have been to provide payment only to the poor. A welfare program.

FDR didn't want that. His intent was to have everyone involved in Social Security. If the program were limited to the poor no one but the poor would have an interest in it, and there would be a good chance that it would eventually be allowed to wither on the vine. "Programs for the poor are poor programs."

Putting everyone into the program is what's made it the third rail of politics.
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