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| | nV News Forums - Social Insecurity - How The Rich Got Richer!! |
 | | DAVID CAY JOHNSTON, AUTHOR, "PERFECTLY LEGAL": Well, in 1983 Alan Greenspan persuaded the Democrats who were in charge of Congress to overtax us on Social Security, that is to collect taxes in advance rather than on pay as you go system. |
 | | JOHNSTON: Well, in the case of Social Security, if we were to go back to pay as you go, people making $50,000 a year would have $48 a week more in their pocket, particularly if we took it all out of the side paid by the worker. |
 | | JOHNSTON: If you chart, Lou, the increase in income for the bottom 99 percent of Americans over that 30-year period, for each dollar that each person got in increased income -- and the average was $2,700, less than a hundred dollars a year -- you made it one inch high. |
| www.nvnews.net /vbulletin/printthread.php?t=25517&pp=40 (4370 words) |
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