I agree with a lot of what you said. I am a retired person on Social Security and am all for it being phased out over time. I believe Fred’s plan is good because it would lower taxes for those still working and allow choice in their planning for retirement which would sure help them more than the exsisting program! It will in time phase out the program but at least in the meantime keep it from going backrupt and not hurt those who must rely on only their Social Security check. I worked 43 years, saved wisely, and did not count on Social Security to live on when retired. Good thing! One thing for sure, it would never have been as bad as it is if all members of Congress just had Social Security for their retirement years! Take a look at Fred’s detailed plan. Does sound good to me.
I’ll check it out. I really like the way the fair tax proposal deals with this, it would make everyone have to chip in their share, not just those of us who work and dont have a corporation or a trust fund. I mean, how much social security do you think Paris Hilton is paying in? She sure is spending though. As are 20 Million illegals who obviously have to eat and what have you while they are here. I really dont want to see a thing to cut off folks cold turkey who are on it and not give them their money. But if you did get your money back you could at least invest it. I’d like that because then, my family would get it, whereas now the govt plans on many of us never collecting our money back even though we paid in all those years and my wife is left holding the bag. While I’m on it, we also need to eliminate the death tax and probably pay those people back for it too, that is the most wrong thing I have ever heard of. Talk about socialism!