tag:blogger.com,1999:blog-20692053.post1412370229984937205..comments2023-11-03T06:35:48.003-05:00Comments on Shark and Shepherd: The perils of envyRick Esenberghttp://www.blogger.com/profile/07280070509167910367noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-20692053.post-66362357801815077672007-10-12T09:56:00.000-05:002007-10-12T09:56:00.000-05:00So what. A's resources at retirement age will be ...So what. A's resources at retirement age will be substantially more than B's. I hardly think the pittance more B receives will come close to approaching what A will be able to live on. Nor should it.Other Sidehttps://www.blogger.com/profile/06475658453374184885noreply@blogger.comtag:blogger.com,1999:blog-20692053.post-18902700811724019342007-10-11T18:34:00.000-05:002007-10-11T18:34:00.000-05:00There is a cap on the FICA taxes paid. What may n...There is a cap on the FICA taxes paid. What may not be well known is that there is a skewing in the benefit amounts paid. Take two people, A and B, same age, both worked 40 years. Each year A made twice as much as B. A paid twice as much in FICA taxes as B. <BR/><BR/>When they retire A will not get anywhere near two times what B gets. A will get perhaps 25-50% more than B. See? Nice and "progressive". [by an SSA employee].Anonymousnoreply@blogger.com