>> So you plan to privatize all of SS in increments?
I think it would be fantastic to privatize the entire fund, over a period of 100 years or so.
>> Without raising taxes?
You really don't get it. When you're dealing with retirement funds, you look at very long-term scenarios -- 50 years, 100, even 150 years.
>> There is no $60Trillion problem
You totally don't know what you're dealing with here. You haven't the slightest idea. Just using basic arithmetic even YOU can understand:
300,000,000 people * $2,000/month * 12 months * 10 years = $72 trillion.
When you get to the point that current benefits = current contributions (which everyone who understands ANYTHING about this problem agrees will happen), with no funds available for accrued future liabilities, that is basically what you're facing. No amount of raising the payroll tax will solve it.
>> which is currently running a surplus,
This is the basic problem. The terminology that has been applied has totally confused you and most of America. "Surplus", to most people, means, "We will have more than enough money to pay the bills as they come due". "Surplus", as it is used in this context, means, "We have more than enough money to pay the bills that are due today".
These are two totally different concepts. I recommend you go take a course in Principles of Accounting. You clearly haven't had one, or you clearly didn't do the homework if you did. |
