Sounds interesting but Social Security does a lot more than just provide retirement benefits. What's been left out of the discussion is what happens to the others, the physically and mentally handicapped that depend on SS supplements to simply survive.
Under the privatization plans I've seen they would just be cut off entirely. Just punishment for not being normal I guess. larry On 7/14/05, Gruss Gott <[EMAIL PROTECTED]> wrote: > > Brian wrote: > > Who ARE these people!?!?!?! > > GRRRRRRR............help me Gruss. > > > > I agree with them AND you. Here's how: > > 1.) Social Security should be for catastrophic failure only. That is, > welfare. And it shouldn't be much. > > 2.) Given that it's welfare, it should come from an untouchable "lock box" > fund. > > 3.) The fund should come, at least in part, from the taxes of those > not saving for retirement. > > Here's the GG plan: > > 1.) Social Security is dismantled with a particular set of people. > Say, those under 20 today. > > 2.) The existing fund is divvied up based on some formula of > contribution, savings, etc. Some people will get sorta screwed, but > the benefit is they won't have to pay SS anymore. > > 3.) Going forward, as part of your taxes, you'd have to meet a certain > threshold of savings. If you don't, you're taxed at a higher rate and > those taxes go directly to the SS fund which is untouchable by > congress or the President. > > In a nutshell: SS goes away, those that know how to save get too, and > those that don't go on Welfare pensions. Along the way if they didn't > meet the savings threshold, they are taxed the equivalent of what SS > is today. > > What d'ya think? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:164766 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
