Monday, June 01, 2009
ss
I have an idea for the future of social security that might help the massive deficit that it faces. If they want to take away benefits from wealthier Americans, I'm fine with that but it would have to come with this provision: Upon retirement, cash everyone over a certain income or asset level out of the program by giving them every dime that they put into the program with no interest. The government can keep the match from employers.
I have no idea if this would help or hurt the numbers but think it would help. I think most people would gladly take a lump sum amount over reduced benefits in the future.