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From: renner@uiucdcs.UUCP
Newsgroups: net.flame
Subject: Re: re social security
Message-ID: <36200174@uiucdcs.UUCP>
Date: Thu, 24-Jan-85 00:53:00 EST
Article-I.D.: uiucdcs.36200174
Posted: Thu Jan 24 00:53:00 1985
Date-Received: Sat, 12-Jan-85 05:46:05 EST
References: <804@hound.UUCP>
Lines: 15
Nf-ID: #R:hound:-80400:uiucdcs:36200174:000:692
Nf-From: uiucdcs!renner    Jan 10 23:53:00 1985

>  There is clearly a need to force people to save and provide some kind
>  of welfare for the poor so that they don't starve in the streets.
>  The system that serves this function is currently called Social Security.
>  You may be able to change its name. Unfortunately, you cannot escape it.
>  				   -- Yuval Tamir (tamir@ucbvax)

Social Security does not force people to save.  The money collected via SS
payroll taxes is NOT INVESTED!  It is immediately handed out to SS
beneficiaries (with a good size chunk taken out for the bureaucrats,
naturally).  If you ran a retirement system like the SS as a private citizen, 
you would go to jail.

Scott Renner
{ihnp4,pur-ee}!uiucdcs!renner