wrote in message
...
On Thu, 31 Mar 2005 09:31:20 -0500, "P.Fritz"
wrote:

Would you like to repeat that in english?

He is saying if you paid in the max FICA your whole career (as many
boomers did) the added amount that adds to your SS check is not
proportional to a guy who made minimum wage and barely got his 40
quarters in. Bumping the max out to $100,000 and beyond only
exacerbates this problem and points out what an unfair income
redistribution program SS is. That will really be true when the means
test comes ... and irt will.
This is becoming welfare, pure and simple. Get over it.

I agree

The medicare tax is even worse since there is no cap.......raising the cap
on SS will just cause a lot more people to go sub S and take income as
dividends.

Do away with the regressive FICA tax, adjust the income tax to cover
the outlay from general revenue funds and forget the whole "pension"
model people think SS is. FDR lied to you.

No ****.