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Reply #11: Even besides the current rip off,the program is a rip off in the first [View All]

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Home » Discuss » Archives » General Discussion (Through 2005)

kuozzman

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-21-04 12:18 AM
Response to Original message

11. Even besides the current rip off,the program is a rip off in the first

place:

*Eighteen-year-olds entering the labor market today and earning only an average income can expect to accumulate more than $700,000 in tax payments by the time they reach age 65.

*Yet they can expect to withdraw from the system just over $140,000 in benefits (discounted to age 65) - a fraction of what they will have paid in.

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