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Politics : The Citizens Manifesto

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To: RetiredNow who wrote (56)	6/13/2005 1:39:16 PM
From: TigerPaw	Read Replies (2) of 492

I vote for having an enforced savings mechanism at the current rates. However, all the income from a person is tagged to that person's social security number. This would just lead to distortions in the value of the savings. Take for example a few decades ago. Medical care was much more afordable. Once insurance reached a certain threshold the profession discovered it could charge the same amount as before plus the insurance. The proportion of national wealth devoted to medical went way up. A similar adjustment would happen with retirement services if there was an enforced pool of money to play with. The key is to remember what social security was put in place for. It was designed to keep the elderly from becoming a burdon on society in general and the younger families in particular. Some elderly are more likely to be a burdon than others. Systems of private accounts just change the goal, they don't fix it.

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