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From: faustus@ucbcad.UUCP
Newsgroups: net.politics
Subject: Re: Social Security
Message-ID: <73@ucbcad.UUCP>
Date: Mon, 21-Jan-85 16:01:35 EST
Article-I.D.: ucbcad.73
Posted: Mon Jan 21 16:01:35 1985
Date-Received: Thu, 24-Jan-85 19:07:45 EST
References: <509@houxu.UUCP>
Organization: UC Berkeley CAD Group, Berkeley, CA
Lines: 33

> Now for some kickers.  Banks are still failing, and not all banks are FDIC
> insured.  Also to get 10% on your money you have to use non FDIC insured
> form of investment.  Or another words people have to RISK their savings
> just to maintain a decent return.  Finally, the single biggest expense
> older people have is medical.  Medical expenses have gone up more than any
> other type, so the probability of older people being able to not touch
> their principle is low, since they would need to pay their medical
> expenses.  

It would be a lot easier to just have the government pay all the
medical expenses of people over a certain age. Also there could be
government run "old people's homes" for those people who by some bad
luck have lost all their savings. GIving SS money to people who don't
absolutely need it is silly. Instead of letting people think, "I don't
have to save up for my old age because I will get social security",
they should be thinking "I'd better save my money and be careful with
it, because all I can be sure of is that the government won't let me
starve to death".  Most people won't look forward to this sort of
minimal support, but at least they won't die because of lack of food
and medical care.

> What social security needs is not to be disbanded, it should be
> strengthened.  How?  Simple, put the tax on one's whole income and make it
> progressive.  Also, charge employers a progressive social security tax.
> For every dollar of an employees salary that is over a hundred thousand
> dollars, the employer must add a a matching dollar to the social security
> fund.  Further, every time prices are raised for a given service or
> product, then the social security fund must get half the amount of the gross
> income due to the increase in price.  

Great, more incentives not to make money. Just what we need.

	Wayne