[ridesthemiles]

I don’t know all the details of Paul Ryan’s plan, but here is mine:

For every working person under the age of 35 or perhaps 40===give them back the amount of Soc Sec paid in my them & their various employers. The records of such deductions are available.

Then REQUIRE that such funds be put into a PRIVATE IRA or such for each person. They can continue to add to this IRA as they see fit. IF they don’t have enough to live on when they retire- they better have family who will take them in. NO BAILOUTS from the government.

For those above the cutoff, let them keep contributing to Soc Sec as now, but at the FULL rate. The current 2% lower deduction is only going to hurt Soc Sec harder & sooner & NObama knows this.

Those same people over the cutoff can open an IRA, etc, and they can deposit even more amounts to it, if they wish. All deposits to the IRA will be AFTER TAX dollars, but let them put in as much as they see fit.

[GeronL]

I totally agree.

[Atlas Sneezed]

For every working person under the age of 35 or perhaps 40===give them back the amount of Soc Sec paid in my them & their various employers.

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Who are you going to take that money from?

In reality, you’d need to increase present or future taxes to get it, so these people would end up paying for it anyway. Better to let them just opt out, and thank them for the taxes Congress spent.

The real solution is to float the retirement age annually to ensure break-even solvency. Work a few more years to avoid bankrupting the nation.

[SoJoCo]

For every working person under the age of 35 or perhaps 40===give them back the amount of Soc Sec paid in my them & their various employers. The records of such deductions are available.

And get the money from where?

Then REQUIRE that such funds be put into a PRIVATE IRA or such for each person.

If Obamacare is unconstitutional on the grounds that the government cannot force a private individual to buy services from a private company then how can forcing a private individual to invest in a private company be legal?

Those same people over the cutoff can open an IRA, etc, and they can deposit even more amounts to it, if they wish.

Most people I know already do.

[Fledermaus]

Problem? The word “require”. It’s like “mandate”.

If people can’t plan for the future when they are young and making money (and spening most of it on fancy cars and bar hopping and trying to get laid) then to hell with them.

Why punish responsible people, like me, by taxing my savings and investment and then taking away the thousands upon thousands I, and my employers, have paid into the lie of a “trust” or “insurace” program?

I don’t want to be required or mandated or forced to do anything? Is that concept so foreign now it’s not understood?