Privatizing Social Security?? (via Thatmrgguy’s Blog)

It’s a long read and might put ya to sleep. Best read right before bedtime. 😉

As I was driving home from work today, I listened to WORD talk radio out of Spartanburg/Greenville, SC. The regular host, Bob McClain was on vacation so Tony Dale did the show in Bob's place. Since Tony has a financial show on Saturdays, most of today's show was on financial matters as is wont to happen when Tony subs for Bob. Today, the subject was the privatization of Social Security. It's always interesting to hear the "call-ins", what they ha … Read More

via Thatmrgguy's Blog

2 responses to “Privatizing Social Security?? (via Thatmrgguy’s Blog)

  1. Nice work putting this thought-provoking information together. One little thing to think about, when the “Bad Idea” guys say:

    Social Security is funded by a flat tax of 12.4 percent of each worker’s wage income, up to $90,000 in 2005, split evenly between employers and employees.

    Well, no. You are paying both ends. The total cost of your position to your organization includes wages, taxes and benefits. That number, set by market forces, collective bargaining and other factors could all go to YOU, at least theoretically. You are paying all of the “deductions” whether they appear to be from you or your employer.

  2. You’re right NV , except in my line of work, the client pays my benefits. And seeing as how I’m not a “Union Man”, we don’t have collective bargaining either, unless you consider the give and take of negotiations between us and the client when bidding the job. 😉

    Thanks for your response, Mike

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