Article View: pnw.general
Article #736Re: Tax the rich!
From: Mike Quigley
Date: Tue, 22 Dec 1992 21:41
Date: Tue, 22 Dec 1992 21:41
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1287 bytes
> "eliminating Social Security Benefits for just one year would > completely pay for the deficit." > >Yes, but those benefits are paid completely out of FICA payroll taxes, >i.e., taxes that -- in theory -- are earmarked to pay these benefits. > >If the feds did their accounting honestly, the Social Security income >and payments would be on a separate budget and wouldn't be part of this >discussion. Town Hall had a discussion on SS the other night. One critic said that the SS ``trust'' fund is completely gone. Empty! Kaput! Drained! The SS drone just looked sheepish and said something to the effect that congress will always come to the rescue of the SS system. Within 15 years, it will take two working people to support every person on SS. If you're under 50, may as well kiss-off SS, unless you actually DO trust your government! Mike
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Path: arc1-ca.pugleaf.net!sparky!uunet!news.tek.com!master!freddy!mikeq From: mikeq@freddy.CNA.TEK.COM (Mike Quigley) Newsgroups: pnw.general Subject: Re: Tax the rich! Message-ID: <4104@master.CNA.TEK.COM> Date: 22 Dec 92 21:41:19 GMT References: <1533@nazgul.UUCP> <13088@sail.LABS.TEK.COM> <2377@shaman.wv.tek.com> Sender: news@master.CNA.TEK.COM Distribution: pnw Organization: Tektronix, Inc., Redmond, OR. Lines: 23