Create an Account
username: password:
 
  MemeStreams Logo

MSN Money - Social Security cuts: a tax hike for the young

search

Decius
Picture of Decius
Decius's Pics
My Blog
My Profile
My Audience
My Sources
Send Me a Message

sponsored links

Decius's topics
Arts
  Literature
   Sci-Fi/Fantasy Literature
  Movies
   Sci-Fi/Fantasy Films
  Music
   Electronic Music
Business
  Finance & Accounting
  Tech Industry
  Telecom Industry
  Management
  Markets & Investing
Games
Health and Wellness
Home and Garden
  Parenting
Miscellaneous
  Humor
  MemeStreams
Current Events
  War on Terrorism
Recreation
  Cars and Trucks
  Travel
Local Information
  United States
   SF Bay Area
    SF Bay Area News
Science
  Biology
  History
  Math
  Nano Tech
  Physics
Society
  Economics
  Politics and Law
   Civil Liberties
    Internet Civil Liberties
    Surveillance
   Intellectual Property
  Media
   Blogging
Sports
Technology
  Computer Security
  Macintosh
  Spam
  High Tech Developments

support us

Get MemeStreams Stuff!


 
MSN Money - Social Security cuts: a tax hike for the young
Topic: Economics 12:10 pm EST, Jan 23, 2005

] The proposal to change the benefits calculation --
] adjusting only for inflation, not productivity growth --
] will dramatically cut the income-replacement rate for
] future retirees. The size of the cut will depend on when
] workers retire. The heaviest cuts would fall on the
] youngest workers. Those already retired or near
] retirement would be protected.
]
] Let's call it what it is: a tax hike
] The administration has not called this a tax increase,
] but that is exactly what it is: a massive tax hike
] reserved for the young and the young only. It is a tax
] increase because they will pay the same payroll tax but
] will receive less in benefits.
]
] The difference is who gets the money and benefits now. Older
] voters get the money, benefits and reassurances now. Our
] children and grandchildren get the shaft.
]
] Tell me, Mr. President, what's moral and good about that?

Now this makes sense, but I'd like to see this analysis get some peer review.

MSN Money - Social Security cuts: a tax hike for the young



 
 
Powered By Industrial Memetics
RSS2.0