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From: tdh@frog.UUCP (T. Dave Hudson)
Newsgroups: net.politics
Subject: Re: Social Security,Pyramids, and Banks
Message-ID: <277@frog.UUCP>
Date: Fri, 22-Nov-85 15:34:57 EST
Article-I.D.: frog.277
Posted: Fri Nov 22 15:34:57 1985
Date-Received: Fri, 29-Nov-85 21:01:24 EST
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Organization: Charles River Data Systems, Framingham MA
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> Anyone with half a brain knows that
> if they were allowed to invest that 6 1/2% on there own that they would
> be miles ahead when they retire and would have the money to enjoy their
> retirement instead of merely living on a subsistence income.

Try 13% and rising.  (13 is an approximation both
mathematically and economically.  If matching contributions
and visible contributions were both no longer stolen,
the change in income would affect the availability of labor,
possibly resulting in a further change in income.  But,
assuming no further change, the old taxes would be
(13/1.065)% or 12.2%, nearly 1/8, of "gross income".)

				David Hudson