Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: Notesfiles $Revision: 1.6.2.17 $; site uiucdcs.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxj!houxm!ihnp4!inuxc!pur-ee!uiucdcs!renner 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