Re: Social Security trap...

From: "L. Chen" <am302@freenet.buffalo.edu>
Subject: Re: Social Security trap...
Date: Tue, 16 Mar 1999 00:31:42 -0500 (EST)

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> .................
> Working-class Americans, the poor, the middle classes, these folks are the
> ones most hurt by the Social Security poverty machine because they cannot
> escape it like higher income earners can...........
> 
> Let Americans save and invest their own hard-earned money without government
> interference. Anyone who really saves and invests 12.4 percent of their
> income can, over their working lifetimes, make themselves financially
> independent millionaire retirees, not poverty-stricken elderly of the
> "Social Security class," regardless of the job they choose. 

Regardless of its billing, Social Security is just another social program.
[It is not insurance; nor is it a retirement plan.]

For the "poor", they *wouldn't* have saved anything for their old age if the
SS were not deducted from their pay check; and therefore *wouldn't* have the
money to invest for their retirement. 




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