Investors lose a trillion dollars in one day

[joeydb]

Originally Posted by Antitrust32

I do want it to go away. I'd be better off taking that 6-12% of my paycheck and putting the money in a fire proof safe than I do with Social Security.

Hell - in this market, just buy gold with it until things (eventually) settle down.

And it's about 16%. 8% from you, 8% "from your employer" (which is still from you).

You know - if you had a $100k job, you'd be left with $92k paid to you less other taxes, but the cost of employing was $108k and without those taxes and SS, you'd have it all - makes no difference to your boss who gets the money.