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The New DU. Reply #6: Social Security always intended retirement protection to include personal savings - any
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papau
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Wed Nov-14-07 02:51 AM
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| 6. Social Security always intended retirement protection to include personal savings - any |
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decrease in Social Security is a different question not at all related to solutions to the problem of getting people to save more.
"Major Owen" appears to not know Reagan began the taxation of SS benefits for those with income 2 times or more the poverty level for the dollars over that level - and only those dollars.
Chile replaced defined benefits with accounts - that then resulted in most reaching retirement with near nothing and living on welfare - but it is the "replaced" that caused that - not the setting up of savings accounts.
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