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Just thought of an idea to fix social security

alphatarget1

Diamond Member
Dec 9, 2001
5,710
0
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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

Elite Member
Super Moderator
Mar 20, 2000
101,439
5,513
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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.
 

shira

Diamond Member
Jan 12, 2005
9,567
5
81
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.
 

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