Re: Saving Social Security

From: "J. Morgan" <jmorgan@ecentral.com>
Subject: Re: Saving Social Security
Date: Wed, 29 Jul 1998 10:12:43 -0600

Next Article (by Author): How do "tax deductible" contributions work? Kristina Miranda
Previous Article (by Author): Re: Credit reports "J. Morgan"
Articles sorted by: [Date] [Author] [Subject]

>From: BARBARA SCHUTZ <bfs8488@email.unc.edu>
>Subject: Finding solutions to Social Security
>
>I am really interested in the discussion re "Social Security," but I am
>primarily interested in ideas that will help us solve the current
>funding problem. It seems that many are at work trying to protect our
>social fabric by devising ways to keep social security solvent.  I think
>our government can use good ideas to accomplish that.  Is anyone else
>interested in this discussion?  BFS

OK, I'll bite.

1.  Allow me to invest at least half of my FICA contribution as I see fit.
Allow me to do this only if I can score appropriately on a standardized
test of investment, financial and tax planning skills.

2.  Pay benefits on a graduated "need-based" schedule.  For example,
MFJ with AGI of < $100,000 gets full benefit.  Start phasing benefit out
until it disappears at AGI of $200,000 or so.  WHAT?  I paid in all these
years, and...?  Well, it's just another TAX, isn't it?

3.  Phase in an increase in retirement age, to age 70.

Keep in mind two things:

These are just ideas thrown out to draw some flak, and
I *do* dearly love to play devil's advocate on occasion...

:-)

J.
Last night I was laying there looking up at the stars,
and I thought....  Hey!  Where's my ceiling?!






- -

Go to Jeff Salisbury LWGate Home Page.