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Politics : Politics for Pros- moderated
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To: D. Long who wrote (363534)5/9/2010 7:36:23 PM
From: Elroy  Read Replies (1) of 794094
 
A new payroll tax should be instituted, of about 2%. Everybody over 50 to retirement age would pay out the entire payroll into SS. Those between 16 and 50 would pay the new 2% into a private retirement account, with the old payroll tax still going into SS. Everybody entering the workforce 15 and under would pay all their payroll taxes, up to 5% of income, say, into private retirement accounts from day 1 of their working lives.


How about eliminate social security altogether? In it's place build not very nice compounds in not very desirable locations where the elderly poor can sleep, eat, and live 8 to a room? Tell people they had better prepare for their old age by themselves. Living with your kids once you hit 65 is the best option for those who haven't saved enough to support themselves.
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