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Crisis?


The Social Security system becomes insolvent only when taxes are
insufficient to provide the dedicated benefits, regardless of the
effects of these so-called reform proposals.  No amount of planning
now will make any difference whatever in 2030 and beyond if tax
income revenues  at that time are insufficient to meet requirements.
Our national social obligations will wilt on the vine.  Therefore,
we should be considering tax reforms that will accomodate our future
societal needs.  That is why we should reject the following statement:

------------------------------QUOTE------------------------------------
The system is definitely in crisis, if we define a crisis as being
on the verge of requiring a huge increase in tax levels to sustain,
tax levels that will force future Americans to surrender much more
of their economic freedom than we and previous generations were
required to do. That is your straightforward answer:  "Yes, the
crisis is real."

Due to the aging of the population and the retirement of the baby
boom generation, the ratio of workers to retirees will drop quickly
within a generation to only 2:1.  Consequently, the tax cost of
supporting the system will rise by approximately 50% in that time,
from less than 12% today to approximately 18% by 2030.
-----------------------------UNQUOTE-----------------------------------

This so-called "CRISIS' is a scare tactic.  Common sense tells us
that labor cannot afford to support our future social obligations
out of their puny wages.  Where are the plans to eliminate the
regressive payroll (FICA) tax and reform the redistribution of our
national wealth?

Note:  That word "redistribution" is going to scare the @#~! out
of those who start shouting Socialism and it's mention.  The time
has come to scare THEM!




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