End property tax at age 70.
Drugs at FDA-approval agreement income multiples - biologics 1/10th of your income, breakthrough chemical process drugs 1/20th of your income.
Split hospitals into two competitive entities.
“fertility”
First five years of Social Security might be based on what your kids put in.
I don’t know if people think about this- conservatives and logical thinkers were very against social security. It was always a bad plan
Quit misspending money and execute those who do so.
They will eventually enact some sort of means testing for Social Security. I have a multimillionaire uncle collecting $4k a month in SS that he really doesn’t need and there’s plenty more out there like him.
The old American way-
Marry young and have more kids than you can afford.
The new American-
Be stingy, have only one kid spoiled rotten and watch as he self-destructs. Then in your old age sell your house and move into a dingy rest home and have no visitors.
I’m happy that my wife and I believed in Planned Parenthood. She’d tell me she was pregnant, and we’d begin planning on it!
The growth was and is service the debt.
And the system isn't just "historically" based on debt, it's currently based on it.
The population explosion and migrations over the last century and a half have been to support debt financing for global industrial production.
When a legal citizen is born the Federal Government places a $50,000 deposit in that child’s name in a retirement account based on the S&P 500. At age 65, that fund would be worth over 4.5 million assuming a 7% growth (The average is 11%)
At 65 this can used as an annuity for retirement and to purchase insurance.
All funds from this account are tax exempt.
Once per account, before age 55 the account may be used as collateral for a home loan
Here re the strings
People with this account pay no SS, and will not qualify for Medicare.
The account is non transferable. Since everyone gets one, there is no need for survivor benefits.
Upon death, any non-distributed funds are returned to the government
It is a CAPITAL OFFENSE for any member of congress to propose legislation taxing, or controlling these funds. The act of proposing is an admission of guilt and execution occurs within 1 hour of the proposal.
______________
Social Security payments would continue for people not in this system but would decline over time as fewer people were in the system.
SS is a pyramid scheme! It should not have been built on the backs of a non existing citizenry!
Those already in the system can opt out at any time. Thereafter they pay no tax, but they forfeit all accumulated benefits. Opting out will pay off for some who are younger, and their forfeited benefits will make up the shortfall in funding for the payouts to the older legacy participants.
Probably, but not certainly, this will over time lead to a gradual elimination of the program.
Democrats will squawk, but the argument of freedom of choice will be a powerful one for them to overcome. If it's as great a program as the Democrats claim, then new workers will continue to opt in.
Half the boomers will be dead in a couple more years from taking the vaxx so likely this will not be a huge problem.