Just thought of an idea to fix social security

[alphatarget1]

However much SS taxes an individual paid, tack on 6-7% annualized return for the entire duration when the tax was collected. Individual only gets back the amount contributed +6-7% annualized, meaning they don't get more than they paid into the system.

 

[ElFenix]

right now they get much less than the 6-7% you're proposing.


i think you need to understand how SS works right now to understand what could be wrong with it and what the potential fixes would be.

 

[Farang]

GET ME ON THE PHONE WITH THE PRESIDENT OF THE UNITED STATES

 

[Robor]

Originally posted by: Farang
GET ME ON THE PHONE WITH THE PRESIDENT OF THE UNITED STATES

Jack Bauer?

 

[jman19]

Originally posted by: Robor

Originally posted by: Farang
GET ME ON THE PHONE WITH THE PRESIDENT OF THE UNITED STATES

Jack Bauer?

JUST DO IT CHLOE I DON'T HAVE TIME TO EXPLAIN!

 

[shira]

Originally posted by: alphatarget1
However much SS taxes an individual paid, tack on 6-7% annualized return for the entire duration when the tax was collected. Individual only gets back the amount contributed +6-7% annualized, meaning they don't get more than they paid into the system.

6 to 7% annualized? You DO realize, don't you, the SS returns less than 1.5%, don't you?

The rate of return you propose would bankrupt the system. It's not a solution, it's a death sentence.

 

[SSSnail]

Originally posted by: Robor

Originally posted by: Farang
GET ME ON THE PHONE WITH THE PRESIDENT OF THE UNITED STATES

Jack Bauer?

Jack Bauer doesn't get on the phone, he'd just talk.