Posted on 12/31/2010 3:19:25 PM PST by Graybeard58
OOPS - I meant - co=pay 20%
With the 50 yrs of PRE-PAYING and then the monthly deductible from social security checks, office visits and 20% copay - with the monthly deductible jumping up each year - We've paid what any one is paying on their plans.
And let's not forget, that all those years we - and the match from our employers - were pre-paying, we were also paying on a private plan for current insurance.
We really need to to write our reps - many of whom don't understand this - and are leading the charge with the pubic against our ‘free ride’ - and explain this all. We have not had/are not getting a ‘free ride.’
If we had been allowed to put that pre-pay into a system like Texas people can choose to -like Bush proposed, we'd be fine...because our money would not have been embezzled...and the compound interest would have been added, not stolen...AND any that we didn't use, we could leave to our kids.
No one has ever siad 'free ride' to MY face more than once.
>> Any analysis over 10 or more years that ignores the time value of money is a joke.
The tax is not set aside in investment funds, so there’s no growth.
Who is the buyer? China? No thanks. U.S. territory needs to remain in the hands of U.S. citizens. Perhaps an in-kind payment of acreage to U.S. citizens whose money has been stolen by the government. A few acres in Idaho would suit me fine.
Depends on the acreage, but of course “in kind sales” are certainly acceptable. It’s long overdue to protect our Western lands with private ownership and care.
Whether there is growth or not, there should be. (And isn't the "surplus" invested in a "lockbox" full of T-bonds?)
And another thing...it's the opportunity cost that counts, not what the gov't is doing with the money. If you fail to pay your taxes, the gov't will charge you penalties and INTEREST. You can't say that you don't want to pay the interest because you did not invest the money (and thus have growth) while you kept "their" money.
>> it’s the opportunity cost that counts
I understand that, but we’re talking about the real value of the “set aside”. Actually, the “set aside” is never set aside, but spent - so, there’s no real value to speak of.
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