Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83 based; site hou2h.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxj!houxm!hou2h!mr From: mr@hou2h.UUCP (M.RINDSBERG) Newsgroups: net.flame Subject: Re: Social Security Message-ID: <705@hou2h.UUCP> Date: Tue, 8-Jan-85 09:49:24 EST Article-I.D.: hou2h.705 Posted: Tue Jan 8 09:49:24 1985 Date-Received: Wed, 9-Jan-85 04:08:50 EST References: <862@amdahl.UUCP>, <297@scc.UUCP> Organization: AT&T Bell Labs, Holmdel NJ Lines: 31 >> I haven't seen this topic "discussed" before, and being a new year, I >> just need to vent my spleen, since the rate for Social Security has >> now climbed to 7.05% of wages. >> >> Enough is enough! Let's make Social Security voluntary! You can even >> keep what I have already contributed! Just let me get the hell out >> of it!!! > > HERE HERE!! It is going up to 13% for me becuase I >am self-employeed. It is my biggest tax and it is getting >bigger. This is your biggest tax ????? I pay close to 40% total so I guess you deserve the tax. I pay SS,FED,NJ,NY .... >I have to pay it BEFORE my deductions for personal >expenses, medical expenses, and so on. There is no kind >of arithmetic that I can do that adds up to me ever getting >any of it back. What makes me the most unhappy >about it is that if I were to invest the amount I give >to social security, in 35-40 years when I "retire" >I would be pretty well off. > > The problem is, not that it has been invented >and become part of the system, many people have grown >to count/depend on it. I agree, they can keep what >they have already taken and make it voluntary. >Let's start cutting our losses, there is no way that >it is going to work. I agree, it should be voluntary.