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Pastimes : My House
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To: Lazarus_Long who wrote (22)9/4/2002 5:41:34 PM
From: Original Mad Dog  Read Replies (4) of 7689
 
I don't think that would work too well. There would be a lot of fighting over "approved classes of investments" and vast numbers of people don't even understand what their bank statement says and would be thoroughly confused.

I do think that a couple of SS reforms would be appropriate:

1. Reduce the self employment double tax to encourage entrepreneurial behavior and small business creation.
2. Allow people to self direct a portion (say around 25 percent) of their SS "contributions" (confiscations) to accounts of their choosing (IRA type vehicles).
3. Separate the accounting for SS so that it cannot be used to cover for large operating deficits. (this is gonna cause lots of pain in a few years unless the economy is really strong at the time).
4. Allow canine investments to be tax free.

Actually, I like many of Bush's proposals from the campaign on this issue. Unfortunately, not much has been heard about them since.
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