Socialism and welfare

iVillage Member
Registered: 04-24-2008
Socialism and welfare
363
Tue, 10-21-2008 - 6:29am

Why is it a tax cut when McCain cuts taxes?

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iVillage Member
Registered: 08-25-2008
Wed, 10-22-2008 - 8:22pm

It is absolutely true that what a worker contributes in his/her pay will be received at time of retirement with interest earned on bonds.

iVillage Member
Registered: 08-31-2008
Wed, 10-22-2008 - 8:23pm

<Sorry but you are misguided.>


That's a pretty loaded statement - Do you have any way to back this up? TIA



We already have a trillion dollar debt because of

iVillage Member
Registered: 08-25-2008
Wed, 10-22-2008 - 8:26pm

It's too bad Bush isn't running again... then the comment would be relevant.

iVillage Member
Registered: 10-10-2007
Wed, 10-22-2008 - 8:38pm
I honestly also got confused by her post. It was my understanding that these days, SS was a slush fund. I *think* it was mom who posted something to the effect of SS money being invested in treasuries...which I think would be a good idea, but isn't the case today, from my understanding.
iVillage Member
Registered: 09-08-2006
Wed, 10-22-2008 - 8:46pm

<

 

iVillage Member
Registered: 09-08-2006
Wed, 10-22-2008 - 8:54pm
To anwer your question on how the trust fund is used:

 

iVillage Member
Registered: 10-10-2007
Wed, 10-22-2008 - 8:59pm

Thanks for the info!


I actually think a better solution, then, would be to set up individual accounts for SS, where the money you contribute would go to buy Treasury bonds. That way, people would at least feel like they're getting what they're putting in back, and no one would feel shafted by the system.

iVillage Member
Registered: 08-31-2008
Wed, 10-22-2008 - 9:07pm

iVillage Member
Registered: 09-08-2006
Wed, 10-22-2008 - 9:12pm

Your welcome:0)


I am just not pleased with how the SS fund is being abused.

 

iVillage Member
Registered: 10-10-2007
Wed, 10-22-2008 - 9:12pm
unless you tax away the people generating the jobs.

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