Spread the Wealth

With accusations that Sen. Obama is a socialist because he suggested that those with net incomes of over a quarter million can afford more taxes and thus spread the wealth around, I'm curious about your reactions.

1) If you're collecting Social Security and using Medicare, where is the money coming from?
2) For those who hate the liberals and all the havoc they've created, are you willing to forego Social Security (1935, Franklin D. Roosevelt) and Medicare (1965, Lyndon Johnson)?
3) What would you propose in place of these two programs?
4) If your retirement funds are in a managed account (401k for example), share your post-economic meltdown insights.
5) Is a progressive tax structure a tool of socialism?

Click on the Comments button, let it all hang out.

Social Security

Given what is happening to our financial systems and the volitility of the markets on Wall Street, how do you feel about the concept of privatizing Social Security.

Items for discussion:

• Is privatization a good idea or bad idea?
• Should your retirement funds simply reflect what is going on in the economy?
• If Social Security were privatized, how should/could your retirement funds be protected from the current woes on Wall Street?
• Should Social Security be preserved in its current form if it can remain solvent?

Share your thoughts. We're all getting older waiting for the right answer! Click the comments link below and pass on your wisdom.