Bush: Bad for the Economy

Ace195 · 10-16-2004, 01:22 PM

I agree with you strangler that I don't think we should have to pay social security, however.. If it's going to keep some old lady off the street now, then I'm happy with my decision, I'll call it my chairitable deduction... I wonder if thats a tax write off.. hehe

Neo · 10-16-2004, 05:36 PM

Quote:

Originally Posted by Ace195

I agree with you strangler that I don't think we should have to pay social security

I think old people should have planned more effectively for retirement when they had the chance. It's their own damn fault if they have no money. Okay that's a little harsh, but I do think we expend to many resources on old people. Especially fat old people.

Seth · 10-16-2004, 10:50 PM

You guys in the states have no idea what social security tax really is.

We Canadians have health care and social security taxes to pay. gah.

And it's going to get worse real soon with the number of baby boomers retiring on the rise.

Blackmane · 10-17-2004, 03:32 AM

Unfortunately for people growing older, there is really no way to maintain systems like social security where returns don't match payments going in. I read in the newspaper that if we either doubled the taxes to these programs immeidiately or cut benefits in half immiedietely and made them permanent, that that would cover the increasing gap in shortcomings.

Professor S · 10-17-2004, 08:42 PM

Quote:

Originally Posted by Ace195

I agree with you strangler that I don't think we should have to pay social security, however.. If it's going to keep some old lady off the street now, then I'm happy with my decision, I'll call it my chairitable deduction... I wonder if thats a tax write off.. hehe

Don't misunderstand me. I'm not saying that Social Security should be dismantled. I believe the moneys collected should be locked and invested instead of sitting in a slush fund earning nothing and available to be used for whatever the government feels like spending OUR money on without asking us for permission.

I'd have no problem with Arlen Greenspan finding a nice Mutual Fund to invest my money in, so that I'll actually GET IT someday.