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This 12.4 percent is not put in a savings account and given to you when you retire. Your money is being paid to those who are already retired. By the time that you retire, you will only get what you put in plus about two percent. You could earn that by putting your money in an account at the bank. The 6.2 percent plan allows the worker to take their portion of the Social Security tax and set up personal accounts in which they can invest their money into secure markets that pay back traditionally between 6 and 12 percent. Your employer's 6.2 percent would still be sent to pay Social Security costs such as disability and survivor's benefits as well as to pay the transition costs associated with changing to this new plan...
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Common topics in this essay:
- Otto Von Bismarck
- the public social security budget
- Battles on the United Home Front and the end of Bismarck
- Bismarck was a past master in the diplomatic arts."
- Germany under Bismarck
- How Successful Was Bismarck In Maintaining His Political Control In Germany In The Years 1878 To 1890?
- Otto Von Bismarck Of Prussia
- Otto Von Bismarck
- Otto von Bismarck and the Political Realism of the 1860's
- The ways and the results that Bismarck brought about to German Unification
- Bismarck: Machiavellian Poltician
- Content Analysis Of Homepage Of Social Networking Sites
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- Otto Van Bismarck And State So
- Otto Van Bismarck And State So
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