But I mean 100% private, not this half assed version Bush wants to do. First, it makes up for the injustice of having somone put the equivalent of $13,770 a year, building up their share of the SS Trust Fund to $1 3/4 million dollars and then have to live on the $1,900 Social Security gives the top payers. That is sick and very very unfair for someone who earns about $90,000. That is not anywhere close to being a wealthy person in this country and living alone on $1,900 a month, compared to what that person paid in, is the biggest joke ever played on the middle class.
I am sure that the people earning $45,000 a year will be ecstatic with an asset worth $875,000 at age 65.
So, what about everyone else, those who would get less than the SS System and Medicare would give them now, because what they paid in was very low. If their funds are too low because they worked part-time for Wal-Mart or because they worked here for much less than the 40+ years that most Americans work here, or because they were paid decent salaries but most of it was off the books, then that is a problem for the entire country to handle, not the middle and upper middle class, those whose total income comes from salaries under $90,000 a year. That shortage needs to be seen was welfare, not the responsible of the Americans who drew salaries of $90,000 and less.
How can it be fair that a person paying the maximum has to live close to poverty while Wal-Mart shareholder and business people who pay people and themselves off the books, live like kings?
Perhaps that will force changes in society to be made. Perhaps that will bust up this stupid Republican hold on the minimum wage that will be $10 an hour in England by 2006. Perhaps it will force American business men and women to offer higher salaries and people who want SS and Medicare will demand to be paid on the books. Perhaps it will make Aermican decide that high volume immigration would is too costly.