Re: how to compare living standards


"tonyp" <tonyp@xxxxxxxxxxxxx> wrote in message
news:Mu6dnef9s_AIt5DZnZ2dneKdnZydnZ2d@xxxxxxxxxx

"William F Hummel" <wfhummel@xxxxxxxxxxx> wrote



Tony I'm surprised you are still pushing this silly concept.


I will stop pushing _my_ silly idea the day Republicans stop pushing to
"privatize" Social Security.

-- TP



Hi,

While I disagree with Hummel that "privatizing Social Security" is bad idea,
I agree with him that it has nothing to do with your idea for the "national
debt". The issues are unrelated and not analogous.

And "privatizing Social Security" is a mis-nomer. The question is how the
retirement of Americans should be funded in the future. And the choices are
A-"by a wage tax on US workers", or B-"by the growrth of the Global
economy".

And since the answer is and will continue to be "Both of the Above", Dubwa
and I are really saying: give those with lower incomes (those who pay mostly
FICA rather than the IRS) the same sort of tax break that the IRS gives
through IRA's and 401K's.



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