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Nospam wrote:
> Beal wrote:
>
>
> A pay on the go system as social security it is the ONLY system with a
> guarantee to actually work to provide a safe retirement regardless of the
> financial manipulations.
We'll see how well it is working in 30 years.
> And this seems to bother the conservative movement: There is such a huge
> pile of money in SS and they and their friends can not loot from it.
They and their friends, (and you are a fool if you think the Democrats
aren't in on the action), have been looting that pile of money for
quite some time.
> If all those money were on stock market, the superrich speculators would bee
> able to grab their share then blame the loot on
Whereas the current system, which is unsustainable and will require
massive cuts in benefits, redirection of spending from other programs,
and/or increase in tax rates is a much better system.
> ... business cycle as
> usual. But SS is a place from where they can not loot from and they hate
> that. So they lie with impunity everything they can against SS hopping that
> enough weak minded individuals will actually believe it.
>
> Want a fix for SS ? Perfect. Remove the 90k cap.
Why? You just create more liabilities. Or did you also want to change
the benefits as well so that SS is not just a soon-to-be bankrupt ponzi
scheme, but is also a giant wealth redistribution program?
> This should be enough to
> cope with the babyboomers retirement. If you increase the tax rate with
> 1%..5% it may be solvable forever.
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