From: utzoo!decvax!decwrl!amd70!pn
Newsgroups: net.misc
Title: S.S.
Article-I.D.: amd70.1338
Posted: Sun Jan 23 13:53:51 1983
Received: Mon Jan 24 07:58:46 1983

Wayne Christopher, I can appreciate the practical need to continue the
Social Security system. However, it is still true that my income is being
transfered to people who didn't have the foresight to plan for their
retirement. To me, that seems to be rewarding irresponsibility, in the same
way Chrysler was bailed out. Fine, the elderly do need income. But they
should be given just barely enough to live on. This country is trying to
encourage people to save (All-savers, etc) and invest (capital gains,
investment tax credits, etc) and people who didn't do that while they
were working shouldn't be so comfortable on SS that they don't mind
not having any savings to draw on. Also, people shouldn't be encouraged
to depend on SS when they retire, and I think Washington is moving in
this direction with the new tax laws and IRAs.

The other point, which you didn't address at all, is that the elder are