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To: TimF who wrote (103366)	5/12/2000 12:08:00 PM
From: GVTucker	Read Replies (1) \| Respond to of 186894

twfowler, RE: I think the recent plan I heard of allows 2% of your income to the stock market (or other individually controled investment) while all the rest of the social security taxes (both employee and employer contributions) go to the current system. Would you support this idea? As long as the existing social security taxes aren't messed with and the 2% number is entirely voluntary, I wouldn't have a problem with that at all. In the meantime, if the above plan was enacted, I'd include an income component to the Social Security system in order to prevent it from going insolvent. With the added tax benefit of the 2%, I would cut back Social Security benefits gradually as incomes rose above a certain level, say $50,000 (or whatever). This would still preserve Social Security for those who needed it, the wealthier would be better off because they could be investing more for retirement, and any pretense that Social Security is anything but a tax (which it really is) would be gone.