To: GodBlessRonaldReagan
It is true prior to like 1980 or there abouts. Federal employees never paid social security until then. The reasoning was that they had their own system. The new hires after that date do pay social security. I love that town in Texas that opted out of Social Security in total. They are all filthy rich now. It was an experiment which was thought to illustrate that the people cannot be afforded individual responsibilities over matters such as their own retirement. It went horribly wrong from the Gov't point of view. People had accumulated so much money so fast, they didn't know quite what to do!
10 posted on
02/15/2002 7:35:06 AM PST by
blackdog
To: blackdog
"I love that town in Texas that opted out of Social Security in total. They are all filthy rich now." I would certainly like to know the name of this town and how they all became filthy rich. Do you have that info?
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