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: <723@hou2h.UUCP> Date: Thu, 10-Jan-85 08:47:57 EST Article-I.D.: hou2h.723 Posted: Thu Jan 10 08:47:57 1985 Date-Received: Sat, 12-Jan-85 00:33:07 EST References: <222@cmu-cs-cad.ARPA>, <580003@acf4.UUCP> Organization: AT&T Bell Labs, Holmdel NJ Lines: 11 < It (replacing Social Security with IRA's or their ilk) sounds good BUT: < < what of the guy who waits till he's 59.5, takes all the money out of < his IRA account, and losses it it (spends it/ gambles it, etc.). < < Now he's old, and broke. Does society support him, or let him starve?? He gets placed on welfare at the lowest standard of living in which he can survive. Mark