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To: GVTucker who wrote (60048)	6/28/2002 11:30:43 AM
From: Eric	Read Replies (1) \| Respond to of 77400

GV I have to agree with you. As much as I hate Social Security it does serve a function although it has some flaws. It's just the ratio of people collecting vs who's paying in that has me greatly concerned.

To: GVTucker who wrote (60048)	6/28/2002 2:11:49 PM
From: RetiredNow	Read Replies (3) \| Respond to of 77400

Hey GV, yeah I know that, but consider this. The Opt Out plan would work as follows. Let's say a guy who's 42 years old has put in around $200,000 of money into social security through ss taxes taken out of his paycheck since he was 21. If that person is allowed to opt out, then under my proposal, he would no longer have to pay taxes on social security ever again. The penalty for opting out is that he would forfeit all future social security benefits and also forfeit all the $200K he has already put into the system. That money would be used to pay the folks who have opted to stay in the system. So the real question to answer in my research is what percentage of each age category has to opt out to be able to continue funding for a social security system that is using current taxes to pay for current retirees. It's just math. I'm sure if we can get enough people to opt out of future benefits, while forfeiting money already paid in, we could bring the social security system back into equilibrium such that one day the money you put in is tagged to your social security number only. Anyway, obviously there is a lot of research that would have to be done to prove out a plan like this, but at first glance the theory is viable.