JDG wrote:
And that's an important point, retirement should be planned-for today by choosing to forego a certain amount of consumption and investing that capital to build a stockpile for funding one's retirement annuity. The current system of just hoping that future generations will vote for the government to make payments to you in your retirement seems like a substantially inferior system.
First of all, you don't have to depend completely on future generations as they haven't capped the voting age yet (and seniors participate in greater numbers than any other age group), second, because Social Security is in everyone's interest, it's highly unlikely that they would be interested in scrapping it (look at recent poll numbers) and third, the 12.4% _is_ forgone consumption, isn't it?
-- Doug _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
