AND INVESTED ON
AN IRA? (INDIVIDUAL RETIREMENT ACCOUNT) .-
In other words, can we take the Social Security Tax we
paid throughout the years, plus the one that is being withheld from our
paycheck, and use it to fund an IRA. The IRA will put that money in
Mutual Funds, and would "probably" give a better return on the
first postulate of my "tax doctrine" (please visit page), the
taxpayer should be entitled to get -if not all, at least some- of the
Social Security Tax paid, plus current withholds to add more funds to
his/her IRA, instead of to the SS system.
Again, the best course of action here would be to
provide highly quality social security system that would offer a hight
ROR (rate of return) on investment. But, in investments there is always
a risk. As the slump in the economy -we have been suffering since
April of 2000- has shown, even the best Mutual Funds can have negative
rate of return for several years. The Social Security system must be
guaranteed (free of risk) for all elderly people. And therefore, a
"probable" higher return on investment is not a "better service", if can
not be guaranteed. Therefore, it does not met the
second postulate of my tax doctrine.
The last postulate of the doctrine
will be rendered inapplicable.