My point is society will not tolerate the latter.Private accounts will be to small,they will not be private, the government will run them,administration costs will be outrageous.Try explaining to people that we need to get rid off welfare or a ponzi scheme where they get money?Our goal should be to make it harder for people to collect government checks.Wouldnt you have preferred the medicare bill to be means tested?
Only in the goofy proposal the Republicans floated. If you can figure out exactly the proposal was,,,
they will not be private,
In that crappy plan of the President yes. In a real proposal, they would.
the government will run them,administration costs will be outrageous.
Not under a logical plan.
Try explaining to people that we need to get rid off welfare or a ponzi scheme where they get money?
I do so all the time.
Our goal should be to make it harder for people to collect government checks.
By eliminating the programs, not by making them more goofy than they are.
Wouldnt you have preferred the medicare bill to be means tested?
I prefer NO medicare. And no SS program.
I agree the president's plan for these private accounts ran by the government is idiotic. If they cared about liberty, it would be you can keep that 15% if you want.. and do whatever you want with it.. or opt to keep paying 15% more for a higher check at the end.
The best solution involves freezing the growth of the SS payments.. tying it to the cost of living, instead of the insane measure of tying it to wages like now. I would even go further, slowly reducing the payments relative to the cost of living by 1% every year.
And then over time, as the amount being payed out grew slower then the amount being put in with the payroll taxes.. Then starting to reduce those payroll taxes. Which then puts that money into the free economy, allowing people to do whatever they want with it. Which will help the economy to grow even that much faster.