Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (2453)	9/18/2008 11:43:26 PM
From: RetiredNow	Read Replies (1) \| Respond to of 86356

Well, I don't have all the answers, but I've always liked the idea of letting us invest our social security taxes in a 401K like vehicle that let's us invest in target date retirement funds. The gov't can mandate that we pay in the standard social security tax rates and that we can't take the money out until we reach retirement age, but let us invest it ourselves and tag the money to our own social security numbers. But to get started, we'd have to recognize the debt owed to current retirees who get paid out of our taxes. So the current retirees would have to be paid out of our annual budget, which probably means raising taxes for everyone. So that is why SS is such a 3rd rail. Any real solution will involve unmentionables for both Dems and Reps. I've concluded long ago that SS will never be fixed. Instead, we'll just keep raising the retirement age and reducing the payouts until it is worthless and just another tax on top of everything else we're taxed on.