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What if they just said "ok everyone born before 2017 will get the old system (social security, etc), and everyone born in 2017 or later will get the new system.
by clamprecht 10y ago
What if they just said "ok everyone born before 2017 will get the old system (social security, etc), and everyone born in 2017 or later will get the new system. This way everyone alive and voting isn't losing anything they were expecting before. There would be a period of 80-100 years during which both systems are intact, but this somewhat inefficient period would end, leaving only the basic income system.
- fernly 10y agoRegarding social security, that's good; it removes the entire AARP membership as no-voters. You could actually finesse it a bit by saying that anyone born after 2000 (so, turning 18 in 2018) will not be charged FICA when employed, and will not be eligible for SS when they retire -- AND anyone born after 1990 (or perhaps even earlier?) can also opt out, stop paying FICA, start getting BI, and get a tax credit good for their FICA payments to date. Retirees would stop entering the SS system in 2065 and the last survivors would finally die around 2101. The SS system would have to be funded for the rest of the century but for a declining number of beneficiaries. The other many, many forms of social payments and supplements need individual consideration. It's not all "welfare"; one small example that occurs to me is seriously handicapped (paraplegic, e.g.) people getting financial assistance to cover in-home care. Would the proposed BI adequately cover that? If it wouldn't, this small set of people would be significantly worse off.