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The simplest crushing response to shrub's social security proposals...

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HamdenRice Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 10:17 AM
Original message
The simplest crushing response to shrub's social security proposals...
All opponents have to do is make a counter suggestion: If it is true that people want to save for their retirement through private accounts, then let Congress raise the amount that wage earners can contribute to IRAs and 401Ks. Poorer workers could have the option of rolling any earned income tax credit into a tax free IRA. That's it. Mission accomplished.

If shrub says this isn't good enough, then his real motive is revealed: he wants to destroy social security, not merely allow people to put money in the stock market tax free.

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mopinko Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 10:21 AM
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1. rob social security
is the plan. y'know one of the things i liked about the kerry health care plan was that it would allow people to buy into the federal employees insurance plan. this makes so much sense. small business and sole proprieters need this so badly.
but i also think that people ought to be able to make additional, voluntary contributions to social security. why not let people buy extra insurance?
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mistertrickster Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 10:22 AM
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2. Excellent point! I've been thingking that for quite a while now--
people can already sve for their retirement. The fact that they don't very much shows the limitation of the system.
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bryant69 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 10:25 AM
Response to Original message
3. Yeah but
How does wall street make billions off of this proposal?

You are right about them wanting to destroy Social Security--Star Parker wrote an article today about privitization when, less than a month ago, she wrote one on how she wanted to see Social Security Destroyed.

Bryant
Check it out --> http://politicalcomment.blogspot.com
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HamdenRice Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 10:38 AM
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4. You are all right ...
it's not about "fixing" social security at all, or giving working people the ability to invest tax free in the stock market. It is about (1) an ideological crusade to kill social security because it is a pure redistributive program and a very successful one and (2) forcing people to invest in the stock market to benefit wall street firms. Where is the capitalist choice in being forced to invest, rather than choose?
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