Go to Jeff Salisbury LWGate Home Page.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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