April 03, 2005

My Social Security Fix

Give me 100% of the money I already put in.

OR

Give me a federal tax credit for 100% of the money I already put in.

Let me direct investment of the 12.4% of soc. sec. tax that comes out of my check either as employee or owner. Of that 12.4%, allow me to direct what ever is needed for long term disability, life insurance, and long term care.

I'll settle for 50% and 6.2%. The other 6.2% goes towards current retirees and zeroes out when no one else is left on the old system.

No max on IRAs of any kind.

Remove the cap on social security.

Posted by at April 3, 2005 04:46 PM | TrackBack