Social Insecurity: Fixing the Problem

o Each prospective recipient should be required to show via tax, income, and other capital forms that the recipient’s current income and assets rate him/her at a level in which he currently needs the income.

o A curve is developed based on income percentages. For example, this year anybody making $100,000 or above per year from whatever source of income, can not collect. People making under $30,000 would receive full benefits, people in between receive accordingly. These are moving targets, based on income groups. Next year it might be $105k and $32k. Remember the communist principles behind this: From each according to his abilities, to each according to his needs.

o The point is to give the welfare to those who need it, not those who paid. By so doing, those who pay will pay less. There are plenty of people who started working in their late 40’s after a divorce or immigration, that are now collecting from our wonderful welfare system of social security. Those who paid and don’t need, shouldn't get. Let Bill Gates and Michael Jordan figure out their own retirement plans.

· Private plan options must be put in place in order to grow the money.

o It does not good to have the entire fund sitting around accruing no interest, but instead getting robbed by congress to pay for other bureaucratic bullshit

o Entire fund can not be invested because funds aren’t guaranteed.

o People should be able to invest a portion of their plan with restrictions:

§ A selection of conservative index funds should be available for this

§ Funds to have governmental oversight to ensure no corruption- however private corporations to actually manage them.

· All social security funds must be put into the proverbial lock box, which congress refuses to do. That doesn’t mean it can’t be invested, that means it can’t be raided for their other wasteful spending programs. The SS fund should only be used for the Social Security program.

o The SSA should have strict oversight, and once the money is collected from payroll, it can not be released to any other government entity.

o The SSA will need to seriously expand in its size and role in collecting, monitoring, and disbursing social security funds (necessary evil).

· Currently, the SS tax is capped off at about 100k. What kind of a socialist system exempts income over a certain amount? Answer: not a very good one. Tax all income equally.

· The Social Security tax should be a linear tax based on income, very like a flat income tax, that we don't have either. Can it be replaced with a flat national sales tax? Yes, and it should be.

The bottom line is that we need to adjust the program based on what its current need and feasibility is. Does that make too much sense? For the government bureaucrats, yes it does. The program should help poor to middle class people in their retirement, not give unnecessary funds to the wealthy. By only distributing funds to only those who need it, the wealthy and everybody else paying into the system, will pay much less.

This is a socialist program, that shouldn't even exist in this country, but we're stuck with it. I know the United States was not created to ever be a socialist nation, but if we’re going to do a socialist program, it’s worth doing right. Dammit, this is America!