[RobertClark]

Funded by what? Cain's plan eliminates taxes that currently fund Social Security and don't replace it with anything that could go towards a retirement program of any kind.

Go read about the Chilean system. It is funded by personal contributions to individual accounts. 10% to 15% is expected to be saved for your own retirement. Your accounts are paid by ..........

wait for it .........

wait for it.........

YOURSELF! What a novel and simple concept.

[SoJoCo]

Go read about the Chilean system.

You might want to do the same. Contributions are mandatory not voluntary. The only exceptions are self-employed, the armed forces, and a few other select occupations. And other than the self-employed the other workers are required to contribute to their own systems. Yet Cain doesn't mention the tax people will have to pay to fund their retirement. I assume that's in addition to the 9% income and 9% sales taxes? What rate will this additional tax be?