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Editorial: Social Security/An emerging plan to cripple it:
[...] the Congressional Budget Office has estimated that average benefits from a personal account and a shrunken Social Security would be smaller than what the system offers today, even considering its projected solvency problems. Some workers might come out better, if they got lucky in the stock market or made wise investments. But some would come out much worse. In either case, the original principle behind Social Security -- that society should provide some basic foundation of income security for the elderly -- would be eviscerated.
did you know there's an income limit on social security? if you make over 87,900$ a year, you pay no social security on the 87901th dollar, and on the 87902nd dollar, and etcetera. eliminating the income limit and reducing the tax percentage that everyone pays would leave us with the same amount of money going into social security. keeping the tax percentage the same would greatly increase the amount of money going into social security, and postpone, if not eradicate this alleged crisis of social security running out of money.


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