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Politics : Politics for Pros- moderated
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To: Lane3 who wrote (94787)1/11/2005 5:25:50 PM
From: TimF  Read Replies (2) of 793846
 
It is huge and dramatic in terms of the money effect when you compare it with normal changes, even normal changes in large government programs. It isn't so dramatic when compared to the total unfunded liability in the social security system.

I'd like to see some form of what has been called privatization for some of the social security money together with a change in social security indexing. The retirement age probably should be indexed to increases in life span, and the payout should probably be indexed to inflation not wage increases.

Then if you want to go for really radical changes I might support a raise of the cap for social security taxes, combined with a reduction of those taxes, the retirement age and benefit changes that I posted above, less general government spending, and a transition to a national sales tax.

Tim
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