Brutus
Rookie
Posts: 72
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« on: November 07, 2004, 05:44:10 PM » |
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Abolished? Hell no. But I do think Social Security should be re-evaluated. I believe that the intended goal was to be a sort of old-age insurance for those who end up being poor in their elderly years. What it's turned into is a grab bag for every AARP member who ever paid a dime in payroll tax, no matter how much they've got sitting in retirement portfolios. I think we ought to reduce the burden to workers by lowering the payroll tax, and in turn, do a little means testing for distributing benefits. While we're at it, how about getting rid of the income-ceiling on the payroll tax. I don't think most Americans realize that people with high incomes don't pay a dime of social security tax on anything they make over $87,900.
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