And some day I hope this example will lead the voters to switch SS to a similar system.
SS should have a pure insurance component to cover those truly disabled, and orphans. The retirement funding should be a 401k-type program where your money is invested in an account that belongs to you. And, where you can self-direct the investment within a reasonable range of choices.
If all of us had a retirement benefit that was directly related to the strength of American industry, instead of how much tax the government can extract from workers, the politics of our country would change dramatically.
Well I am not disagreeing with you.
But caution please, I’m not sure tying retirements to the strength of US industry, is necessarily a good thing.
We (defining “we” for purposes of this discussion, US industry) sent a huge amount of what (was) our industry, to the People’s Republic of China. Now Chinese are making a HUGE amount of what we buy every single day, across America. We are buying a massive amount of things, which are all made in the People’s Republic of China.
We run a massive, continual trade imbalance with them, and with other countries.
Why is the city stealing from John to pay Jeff not to work? Or is it Peter from Paul, or Mildred from Steve, or Jojo from Phyliss, or Evander from Holly... or......??????