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Redesigning Social Security
https://www.americanthinker.com/articles/2024/05/redesigning_social_security.html ^

Posted on 05/24/2024 8:24:59 AM PDT by DIRTYSECRET

What if the American people invested $100,000 in every newborn, purchasing a 65-year government bond on their behalf that guaranteed a 3.5% annual return? Every American, irrespective of background, would contribute to and benefit from the fund equally, eliminating disparities from unequal lifetime earnings.

Once the individual returns the initial investment to the American people, the individual should no longer owe Social Security taxes.

(Excerpt) Read more at americanthinker.com ...


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Sounds workable. No mention of current beneficiaries-we're in the red deep. Come from the general fund? Cut off millionaires who have received more than what they put in? Give more to the poor?

A Ponzi scheme. The left would have to admit it's what Social Security ALWAYS was.

1 posted on 05/24/2024 8:24:59 AM PDT by DIRTYSECRET
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To: DIRTYSECRET

Touch my Social Security and I’ll shank you!


2 posted on 05/24/2024 8:26:01 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: DIRTYSECRET

/sarcasm/ Bad idea, it would put too many gubmint bureaucrats outa work.


3 posted on 05/24/2024 8:26:51 AM PDT by john316 (JOSHUA 24:15 ...choose you this day whom ye will serve...)
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To: DIRTYSECRET

This investment at birth could have started decades ago. Where were the republicans? Start with $1k and then sit back and watch. Now we’d need a hundred.
Go figure.


4 posted on 05/24/2024 8:27:09 AM PDT by DIRTYSECRET
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To: DIRTYSECRET

Great plan. There’d be no way for Congress to raid that plan as they do now. Right?


5 posted on 05/24/2024 8:32:14 AM PDT by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: DIRTYSECRET
I say the solution is:

1) Let everyone choose if they stay in it or opt out.

2) For current retirees, that means keep getting the SS checks, or get a decent lump sum.

3) For people still working, that means keep paying FICA taxes (and building up future SS checks) or opt to quit paying FICA taxes (which means quit building up future SS checks).

4) Also, people still working can opt to get a lump sum of what they put in.

Then everybody gets what he wants. If he wants to invest it, fine. If he wants to blow it, fine, but he gets no government money later.

Obviously most people will opt out of SS, either to blow the money or, if they're like me, they can save and invest the money better than the low return of SS. The SS fund will experience short term pain to continue paying SS recipients wile workers opt out of putting money into it. But it'll keep the Ponzi scheme from keeping on growing larger and larger. And, as I said, everybody gets what they want.

6 posted on 05/24/2024 8:33:01 AM PDT by Tell It Right (A1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: DIRTYSECRET

Too little, too late...not sure you heard but the US Government and all citizens are in debt to the tune of 35 trillion on the books debt and 140 Trillion off the books debt..Not getting out of that one..


7 posted on 05/24/2024 8:33:11 AM PDT by dpetty121263
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To: dpetty121263

If they have money for Ukraine, they can pay their SS obligations to Americans who paid into it for years.


8 posted on 05/24/2024 8:33:59 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: DIRTYSECRET

Social inSecurity has always been a scam - a disguised 14% income tax on top of all the taxes you pay.

Why - when it started, folks could collect at age 65.

What was the avg life expectancy back then - 65.

Then the Dem (LB f’n J) discovered this mass of ‘cash’ and used it to buy votes -
from Blacks via The Great Society
From old farts via Medicare
Then came ‘crazy checks’ more $$ to the welfare class and the hit just keep coming.

There would be plenty of dough in the fund - if not for these giveaways and constant ‘borrowing’ to cover massive budget deficits.

LBJ ‘massive surpluses” was MY retirement funds.


9 posted on 05/24/2024 8:34:35 AM PDT by ASOC (This space for rent)
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To: Tell It Right

I say the solution is:


What happened with the USSR is each state assumed the responsibility for their citizens.

Of course, old age pension was pretty small for them. But local states here would have to make adjustments.


10 posted on 05/24/2024 8:35:23 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: DIRTYSECRET

Instead of this, how about putting the current SS taxes (including the employer matched part) self-directed IRA? Keep the government’s hands off it.


11 posted on 05/24/2024 8:40:46 AM PDT by Blood of Tyrants (The problem with socialism is that you eventually run out of other people's money. - M. Thatcher)
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To: Blood of Tyrants

The counterargument will be too many people aren’t capable of doing self-directed management. Proof will be look at what happens to the majority of lottery winners and the majority of pro-athletes are bankrupt within a few years of their windfall contracts & careers.

I agree with your approach, but the counterargument will be tough to refute. “Tough noogies” to them is not an answer to win the day!


12 posted on 05/24/2024 8:46:49 AM PDT by Reily
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To: DIRTYSECRET

[[What if the American people invested $100,000 in every newborn, purchasing a 65-year government bond on their behalf that guaranteed a 3.5% annual return?]]

The gov would borrow on the potential 65 year profits, while claiming that the money in the bonds was all safe and secure in a “Lock Box”


13 posted on 05/24/2024 8:48:37 AM PDT by Bob434
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To: DIRTYSECRET

At this point it doesn’t matter.

Stop collecting SS taxes.

Print SS beneficiary amount each month.

Stop pretending.

Pronounce the ‘l’ in salmon.

Nothing matters anymore.


14 posted on 05/24/2024 8:50:48 AM PDT by aMorePerfectUnion
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To: DIRTYSECRET
What if the American people invested $100,000 in every newborn, purchasing a 65-year government bond on their behalf that guaranteed a 3.5% annual return?

The numbers look better at 4.5%

15 posted on 05/24/2024 8:51:20 AM PDT by 1Old Pro
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To: aMorePerfectUnion

*For current retirees, that means keep getting the SS checks, or get a decent lump sum.*

Where does the lump sum come from? No money-can’t print it.


16 posted on 05/24/2024 8:54:08 AM PDT by DIRTYSECRET
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To: DIRTYSECRET

Paying off the debt might require a death tax on millionaires.
The problem is the rest of the spending needs to be cut in half.

This would have to be done AFTER the election. Election year politics would demagog the issue. Democrats and Gino’s would have to be squished like a bug.

How did Biden pay off the student loans with SCOTUS and a gop house on our side?


17 posted on 05/24/2024 8:58:06 AM PDT by DIRTYSECRET
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To: DIRTYSECRET

We create $ out of thin air every week


18 posted on 05/24/2024 9:18:59 AM PDT by aMorePerfectUnion
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To: DIRTYSECRET
CPI in 1958: 28.9
CPI in 2023: 304.7
Average official inflation rate over those 65 years: 3.69%

At a 3.5% return per year you would lose $11254 of that original $100,000 in real terms.

19 posted on 05/24/2024 9:44:59 AM PDT by KarlInOhio (Democrats' version of MAGA: Making America the Gulag Archipelago. Now with "Formal Deprogramming")
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To: PeterPrinciple

Wouldn’t that open up states bidding for people to move there by competing for the giveaway rates which would lead to bad taxes, bad payouts, the wrong incentives for moving and eventually an ugly mess as politicians exploited it?


20 posted on 05/24/2024 9:50:18 AM PDT by ansel12 ((NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.))
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