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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (101868)	2/23/2005 4:58:10 PM
From: KLP	Read Replies (2) \| Respond to of 793755

Your example: Say we have a sixteen year old kid taking his first after-school job at McDonald's, he signs up at the payroll office, and they ask him which track of SS he wants. What does he know? Or care at that point? An extra thirty bucks a week in spending money is hardly high finance. Is he stuck with what he chooses? And if there is to be an open season, does it work both ways? I've seen suggestions that once you opt for a private account, you can't go back. Is that so? And what about getting into a private account at a later date if you opt out in the beginning? And how complicated would it be to do the conversion? And is there someone to counsel this kid? Would that responsibility fall to the business? Even if it's a small business? My question: Do you think this "kid" should just be made to pay SS as it is currently configured, or do you think there might be a more beneficial way for him to have at least some money when he retires with a "new SS" system?