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USA Social Security Benefits Crisis and Solutions.... Let's talk.
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William Rothamel Send message Joined: 25 Oct 06 Posts: 3756 Credit: 1,999,735 RAC: 4 |
as far as solutions are concerned. I have proposed this in the past--all we need is the money to remunerate those whom have paid in. --I suggest that we get the trillion back from the big bailout and use that. My plan is to kick everyone under 45 years of age out of social security. Replace it with a payout to an Individual retirement account and dictate a 10% contribution from wages up to $150,000 per annum. This will be split 5% from the worker and 5% from the employer on all salaries paid. Self-employed workers would pay 10%. Also allow up to another 10% to be contributed tax exempt by the worker. These funds will be invested in either a money market fund, conservative stock or mutual fund or bond fund as well. The point is this will be your fund and cannot be touched or borrowed from by the Government other than selling bonds. If you have no money in your account when you retire then go to the soup kitchen and live under a bridge. Stop paying minor children of people who die monthly checks when they don't need it and have another wage earner in the family. I don't know how much money would be needed to bailout of the program as I have proposed; nor do I know where the money might come from. Those just entering the workforce would be thrilled I suspect. The diminuation of new money coming into the Ponzi scheme would be a fright to the Government however. |
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