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)