Replies

To: for-q-clinton

RE: there would be no more SS and medicare tax as well...saving individuals and business a lot of money.

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OK, could you kindly explain to us, how that will not exacerbate the problem for these entitlements?

SS is practically a pay as you go system where current workers pay for the SS of current retirees.

How’s having no SS tax ( deducted from your salary ) going to help pay for current retirees?

Social Security’s Payout has already exceeded revenues.

SEE HERE:

http://www.nytimes.com/2010/03/25/business/economy/25social.html

Won’t Cain’s plan excacerbate the problem?

12 posted on 10/07/2011 9:26:58 AM PDT by SeekAndFind (u)

No, since the Entitlement system is all ready broken.

Clinging to the current tax code will not "Save" Entitlements since they all ready broke. The current system merely keeps the current Entitlement problem hidden.

18 posted on 10/07/2011 9:30:25 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)

You must not know much about Cain’s plan. Hint: Chile.

22 posted on 10/07/2011 9:33:30 AM PDT by for-q-clinton (If at first you don't succeed keep on sucking until you do succeed)

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