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Edited on Thu Mar-03-05 04:21 PM by choicevoice
My daughter called me, livid about an email her Marketing professor had sent out. It was regarding course information then veered off into his right wing slant on the social security situation. Any ideas on what should or could be done about this? Is it proper for a professor to do this?
I don't think I covered chapter 5 adequately---if at all. Chapter 6 is more important, but chapter 5 will be covered (rather quickly) next class. The chapter primarily deals with demographic shifts such as income distribution and the aging population. By the way, ask your grandparents if they realize that AARP is working against social security reform---and then ask them how they feel about you having to pay 50% of your income to fund my "retirement."
You guys need to get involved with this issue since it impacts your financial future. I see nothing wrong in your being given the opportunity to set aside 4% (out of approximately 12%) of your SS deduction into your own personal account---one that is portable and that can be passed along to your heirs. As it presently stands, you'll be on the hook for the "retirement" benefits of one of the largest demographic groups in our country's history, not to mention the medicare mess (which may be in worse shape than SS). It behooves you to get familiar with this mess---especially if you happen to be an African American male or have a history of heart disease in your family!
Edited to add the above section from the email.... sorry. How silly of me.
Your comments are welcomed.
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