First thought - Bush had better watch his back. Never trust a lucifer leftie.
What I don't like about Bush's Social Security plan is the "poor" money accumulating faster than everyone else's. He's giving them freebies, but making everyone else work for their "equal share." He needs to correct that, and treat all Americans equally. There's no reason why someone working part time should get as much as someone working full time when they retire, or someone who sweeps floors getting the same as an engineer.
I don't care for that "share the wealth" crap. I believe in the "earning your wealth" logic. I don't approve of the Bush plan while this part stands. If he gets rid of the Socialist part, I'll agree to it.
Don't worry, the guy runs a mutual fund. The SS overhall will be great for him. Money before politics.
You correctly point out that current system is already progressively indexed in that benefits decrease precipitously as a percentage of the total lifetime contribution for higher income individuals. The whole point of privatization is two allow people to keep what they earn!
Bush has these two concepts muddled.