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From: goodrum@unc.UUCP (Cloyd Goodrum)
Newsgroups: net.politics
Subject: Re: Calculation of Social Security benefits vs payments
Message-ID: <611@unc.unc.UUCP>
Date: Sun, 17-Nov-85 15:35:18 EST
Article-I.D.: unc.611
Posted: Sun Nov 17 15:35:18 1985
Date-Received: Tue, 26-Nov-85 20:00:31 EST
References: <549@drutx.UUCP> <812@whuxl.UUCP> <279@pyuxii.UUCP>
Reply-To: goodrum@unc.UUCP (Cloyd Goodrum)
Organization: CS Dept, U. of N. Carolina, Chapel Hill
Lines: 22

In article <279@pyuxii.UUCP> tw8023@pyuxii.UUCP (T Wheeler) writes:
>Just one more small point, Sevener.  You're calculations
>concerning how much someone would get after 25 or 40
>years of investing are all very nice, but, they do not
>mean a thing as far as SS is concerned.  The SS funds
>are NOT invested.

	Which leads us to an overwhelming question... WHY aren't they 
invested??? The Grace Commission pointed out that huge sums of money
(not just SS money) are left sitting around in vaults when they could
be earning huge sums of interest. 
	Here's another thought. My father suggested once that we could
take a good chunk out of the deficit if social security payments were
taxable as income. This wouldn't hurt people who depended on social 
security as their sole source of income, but the government could get
a lot of money back from SS recipients who have income from a lot of 
other sources (investments, etc.)
>Olsen is right, it is a gigantic
>ponzi scheme.  
>T. C. Wheeler

Cloyd Goodrum III