Word: systems
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Dates: during 1980-1989
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That honor goes to the regressive, unfair system of payroll taxes that pays for those benefits. All wage-earners in America are required to kick in 7.51 percent of their earnings (the FICA tax) to the Social Security system. Even those workers who are so poor that they are exempt from the federal income tax have to pay the full FICA tax--no exemptions or deductions...
Because so many people receive Social Security benefits, the FICA tax rate has soared in recent years. When the system began in 1937, the rate was one percent. Next year, it will be 7.65 percent...
...entire concept of our Social Security system is fundamentally flawed. What we need is a program to insure the elderly against financial need. If you're 65 or older and have financial need, the government sends you a check. Simple as that. This program should be paid for by increasing income taxes on the middle and upper classes and taxes on corporate profits...
...Yale's library system--fantastic! With so few books it must be easy to find what you want...
East German authorities have rejected the idea of adopting a complete free-market system and new Premier Hans Modrow, a leading reformer, says he wants "step-by-step" economic changes...