TIP: Click on subject to list as thread! ANSI
echo: crossfire
to: Roy Witt
from: Bob Klahn
date: 2009-06-08 23:51:00
subject: (1/2) Welfare

RW>>> TW> They WHY are the Liberals Sweating Bullets and
puling out theri
 RW>>> hair
 RW>>> TW> over how to "SAVE" Social Secutriy which
is bacicly bankrupt
 RW>>> whith
 RW>>> TW> only TWO perople paying in to suport the system?"?

 RW>>> Make that two people paying in to support one recipient. In a few
 RW>>> years, that number will be going up, 3:1...

 TW>> Since the Teend of those qualifying to draw it just HOW can the
 TW>> number paying in GO UP??

 RW> I reversed my ratio...it should read 1:3 and it's already
 RW> here.

 RW> "Those who want to overhaul Social Security make their case
 RW> with the following numbers: in 1960 there were more than
 RW> five workers for each beneficiary; today there are 3.3
 RW> workers; by 2030 there will be only two workers for each
 RW> beneficiary."

 In 1960 the index of productivity for business was 52.61, in
 2005 it was 136.6. That is an increase of just under 260%.

 For 3.3 workers per recipient that's a burden of 30% per worker.
 For 5 workers per recipient that's a burden of 20% per worker.

 The increase in burden from 5 per recipient to 3.3 per recipient
 is 50%.

 50% increase in burden, 260% increase in productivity.

 Just running some quick numbers from the Stat Ab.

 Increasing productivity can balance decreasing numbers of
 workers... however...

 Industry is where productivity increases most easily. And
 industry is leaving the country.

 ...

BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

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