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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (200272)	9/4/2004 7:38:51 PM
From: Road Walker	Read Replies (3) \| Respond to of 1574493

Z, Also, we could stop paying SS benefit to anyone making over, say, 100K per year. That would save a few bucks. John

To: SilentZ who wrote (200272)	9/4/2004 8:38:58 PM
From: i-node	Respond to of 1574493

But, I don't think it's as much as you'd think, especially if we raise the age of eligibility for Social Security to 70. The fundamental problem with SS (other than the political one which makes your suggest literally impossible) is that payments into the plan are made as though it is a defined contribution plan, while payments out are as though it is a defined benefit plan -- two totally different concepts in pension funding. In short, YOU CAN'T DO THAT. You pick one or the other, UNLESS you actuarily resolve the differences. Nobody ever did. I appreciate even that you are making an effort to understand it is a problem. But you're going to have to think much more deeply than "increasing the retirement age" or "means testing" to even start along the lines of viable suggestions.