No. of Recommendations: 0
You should study up more on the history of Social Security, which started out with a 1% payroll tax rate.....
That's been a highly unstable system which has seen taxes on the paychecks of working people increase from 1% to 15.3% of people's paychecks. And the pattern is continuing, with huge unfunded liabilities for Social Security and Medicare for the baby boomer generation.


I think you need to recheck your history!

Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.