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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59078  
Subject: Re: Such different conclusions Date: 2/20/2007 2:59 PM
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<<H and nearly everyone else here continues to ignore is that the benefits paid by these programs can be changed by Congress at any time.

Sure. And an insurance company can go upside down tomorrow. Ask my mother. She bought a "safe" annuity and had the company go bankrupt within a year. Nothing is perfect. Why do you demand perfection from SS when you don't from the alternatives?>>


People should investigate the financial stability of insurance programs before they invest their money in a policy. The prudent person who looked at the liabilities and assets of Social Security and Medicare would not want to invest in such a scheme, I suggest.

Still, it's quite true that if Gen X, Y and Z can be persuaded to pay the much higher tax rates needed to keep those programs funded, they can survive and even prosper.


But yet more increases in taxes is an unfair burden on Gen X, Y and Z in my opinion. And Gen X, Y and Z might start noticing that it is unfair and demand that Congress permit them to redirect their taxes into retirement programs they own and control.

I think that's pretty likely, myself, and it would be the fair and equitable thing to do, in my opinion.



Seattle Pioneer

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