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Seattle Times letters to the editor

November 25, 2013 at 7:37 PM

Social Security safety net must thrive to ensure future sustainability

The money comes from profit and retained earnings

Apparently columnist Paul Krugman doesn’t understand where the money comes from to support Social Security [“Expanding Social Security for a better retirement,” Opinion, Nov. 24].

Profit and retained earnings of America’s enterprises are the source of capital investments for property and machinery, the hiring of new employees, the payment of dividends, and interest to stockholders and bond holders, and the payment of taxes.

Additionally, these enterprises pay their employees, who in turn pay both payroll and income taxes. This is the safety net that finances our government and the only financial source for the Social Security system. It is this safety net that needs to thrive and expand to ensure the future of Social Security.

— Bob Dorse, Seattle

Comments | More in Social services | Topics: Social Security

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