Again, No! the system is dead. I do not want your govt money. I have âpaid inâ for 30 + years, just go away, leave me alone and let me do with MY money what I want. I am tired of supporting everyone else.
ok guess my quotes did not werk. that “werk” for was the english major who wants to coRect ma grammar
1. FREEZE current benefits for those currently receiving them. This also means no more increases.
2. Entice as many of those within ten years of receiving benefits as possible into dropping out of the plan. I would suggest that some type of one-time buyout amount along with never having to pay social security taxes ever again would do the trick.
3. Those who are within twenty years of receiving benefits will still be eligible to receive them, but at whatever level they exist after legislation has re-defined what they might be. They will have anywhere from ten to twenty years to prepare privately to make up the difference.
4. If you are not within twenty years of receiving benefits, your reward will be a slow decline in the amount of social security taxes taken from your paycheck as those receiving benefits die off. This means that over a period of twenty to thirty years your paycheck would see a tax reduction of fifteen percent. As it goes down, your ability to invest into a private plan goes up.
I think this approach would sell politically as well as spread the sacrifice enough to encourage wide-spread acceptance across generational lines. No one is left out in the cold and there is a silver lining for all.