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| Parking Lot Off-topic chatter pertaining to movies, TV, music, video games, etc. |
| View Poll Results: How Would You Fix Social Security? | |||
| Raise Tax |
   
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0 | 0% |
| Cut Benefits |
  
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1 | 4.17% |
| Privatize |
  
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12 | 50.00% |
| Other (explain) |
  
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11 | 45.83% |
| Voters: 24. You may not vote on this poll | |||
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Thread Tools | Display Modes |
03-25-2008, 04:39 PM
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#1 |
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Uncle Phil
Join Date: Feb 2004
Posts: 45,256
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How to Fix Social Security
According to US Treasury Secretary Henry Paulson, the US Social Security trust fund will be used up by 2041 (thank you modern medicine!), though many think it may be sooner than that. This means that for many of us there will be no money available when we retire. Ultimately this leaves us with three choices
1. Raise Social Security Taxes -Currently employees pay 6.2% tax, this is matched by another 6.2% from employers 2. Cut Benefits 3. Privatize Social Security -The idea here isn't necessarily to privatize the entire account, just a portion of it (primarily in mutual funds). So, for example, you might pay a 3.2% tax and the other 3% would go into a private account So what's your solution?
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