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H the K[_2_]

wrote:
On Mon, 17 Aug 2009 11:10:26 -0700, "Calif Bill"
wrote:

"H the K" wrote in message
m...
...for the righties who oppose the so-called public option:

Which of you will be or are depending upon Medicare or the VA or similar
publicly funded programs to pay for your health care after retirement?

Those on Medicare paid in a lot of money during their working years. If
they had put money into an tax free plan, they could afford most any
insurance plan on the market. That approx 3% of every earned income dollar
adds up to a lot of dollars.

According to my SS statement my employer and I paid a tad over $12,000
each between 1966 and 1996. (~$24,000 total).
SS was a bit over $100,000 total.
I suppose I could put the yearly totals in a spreadsheet and see what
a reasonable rate of return would produce but I don't really care that
much.
The SS should be the same for anyone who paid the max over that period
so it is probably something that has already been done.
If you live very long SS and Medicare are great deals, that is why
they are going broke. The plan was based on a life expectancy of about
66-67 for 90% of the people eligible.

Uncap SS taxes and the problem goes away.