Letter to the Editor
To the Editor,
Suppose
that early in your employment you decided to set up 401(k) or IRA pension
plans, contributing to them with each paycheck in the understanding that it
would accrue you continuous modest interest and be available to you as an annuity
at a planned retirement age. Suppose then, as you approached your retirement,
the financial institution you had invested with declared: you need to work five
more years to become eligible, and we’re taking a percentage of your accruals
to provide bonuses for our managers. We would all be rightly outraged and call
foul.
Isn’t
this exactly what various members of Congress have proposed to do to Social
Security? Oh, they’re using weasel-words to advance their plans - we hate to do
it but we have no choice - but if you bother to listen or read, many among them
have been broadcasting their intention very clearly. It’s no surprise;
conservatives have hated Social Security since it was passed in 1935.
Apparently they are uninterested in any government program that doesn’t turn a
private profit.
Labels: Letter to the Editor, Social Security, Theft
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