After reading Erin Robert's article "A dose of realism is needed" S4 received a great email from a reader in San Diego. He wrote: "Let us just tell it as it is; my generation (I am 55) is currently ripping off your generation for better than 12% of your earnings in order to make those
of us who have failed to provide adequately for our own retirement. Worse yet, an enormous portion of FICA revenues merely go tosupporting the bureaucracy that administers the program, or are sucked up for unrelated programs...
In another four years, I will be eligible to begin collecting benefits, but I for one would consider it a great deal to give up all of those benefits if the program were just ended today, and the Feds stopped taxing me and my 18 year old son."
Posted by Chris Schrimpf
Comments
That just goes to prove what I've been saying for years about how SD is the smartest part of California.
