From: utzoo!decvax!harpo!ihnp4!ixn5c!inuxc!pur-ee!uiucdcs!mcdaniel
Newsgroups: net.misc
Title: Re: Re: Social Security solution - (nf)
Article-I.D.: uiucdcs.1402
Posted: Thu Jan 27 22:34:36 1983
Received: Sun Jan 30 10:47:01 1983

#R:iwsl2:-13500:uiucdcs:10600039:000:641
uiucdcs!mcdaniel    Jan 27 22:08:00 1983

"Probably, most young people will opt out and those who have a sizable
investment already and are near retirement will remain."

Pray tell: if most young people opt out, who will pay for the benefits
given to the retired and soon-to-be retired?  Why, it'll come out of
general revenues -- i. e. the young.  The only difference from the
situation now would be (a) the taxes would be labelled differently on
your paycheck (income tax instead of FICA), and (b) the young would
get no benefits for the money put in via their taxes.
                                  Tim McDaniel
                                  (. . . pur-ee!uiucdcs!mcdaniel)