>why not? I'm sure I'm going to forfeit mine. > It already *is* a wealth redistribution plan, from the poor to the >affluent. The poor don't survive long enough to draw their money out. I'm >simply advocating a more rational redistribution... > > On 9/7/05, Robert Munn <[EMAIL PROTECTED]> wrote: >>
No, the system today is a wealth redistribution program from the young to the old. You can't blame wealthy people for living longer. The system was initially designed as a saftey net for people who lived past the average life expectancy. The government should not owe anyone twenty years of subsidized golf and early bird specials in del Boca Vista. I'm going to forfeit my Social Security by default because at the current rate there isn't going to be any money left in the system to fund it by the time I can retire. We have some options for shoring up the system, though: 1. Raise the retirement age (full benefits) gradually over the next decade to 75. 2. Let in LOTS of young people from other countries. All those Mexicans that want to come live and work here? Let them in! Let them have dual citizenship. Then we leverage their voting power to overturn the socialist mess of a government in Mexico, and we all retire to the Mexican Riviera. ;-) The underlying age demographics have to change in this country in order for us to get our SS benefits under the current system, and we're headed in the wrong direction age-wise. 3. Means-testing for benefits (as you mentioned). I hate this idea. It isn't a more rational system of distribution, it is a more socialist one. A rational system would give you exactly what you put in, plus compounded interest at the nominal rate of inflation over the life of your investment. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:173140 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
