Go to Jeff Salisbury LWGate Home Page.From: "J. Morgan" <jmorgan@ecentral.com>
Subject: Re: Saving Social Security
Date: Wed, 29 Jul 1998 10:12:43 -0600
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>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?! - -
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