* Dan Minette ([EMAIL PROTECTED]) wrote:

> But, we do have to remember, that even with a 25% downward step
> function in benefits paid in '45, the paid benefits at retirement will
> still be 36% more than they all now.

But not the fair share of the people below 40. How is it fair for the
boomers to pay in 4-5% of GDP and get out more than 6%, while the next
generation pays in 5%, but only gets out 4.5%?

> even less in payout with my suggestion than the step function. I
> don't know your salary, of course, but given your education and
> responsibilities, I'm guessing you are above the tradeoff point (which
> I calculate at about 45k/year on the present salary).**

I'm not arguing for myself. I'm saving about 40% of my after-tax income,
so barring disability, I won't rely on Social Security to any extent. It
would be nice to get back at least a fraction of what I paid in, but
I'm not holding my breath. I wouldn't even complain loudly if the
benefits were not cut from current schedules for people over 50, even
though they are clealry getting more than their fair share. But where
I draw the line is at screwing the next generation(s) after me -- I'll
pay more than my fair share now, but I am NOT going to screw the next
generation. The system needs to be fixed NOW.


--
Erik Reuter   http://www.erikreuter.net/
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