Does the 10% replace just the income tax or FICA too? If the second I would be dancing in the streets. Also does the tax on “ stock sales” cover tge gross or the net capital gains?
FICA is a different thing altogether.
If they allowed you to manage at least half of the FICA allocated from you (and the matching amount from your employer) you would see a flood of cash hitting the investment markets like has never been seen before.
IF they taxed the FICA rate on ALL income, at least from the contributor (not the matched employer rate) then you would see a significant improvement in the Social Security funds.
In addition, they should break out the SS Insurance from the Retirement funds. Once people see how high that is, and how it is robbing people from the safety of their retirement...there would be a revolt.