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Privatization - SS would be replaced with a pay-as-you-go private account, similar to a 401k. I have seen some suggestions where SS is partially kept, or it be
by alistairSH 4y ago
Privatization - SS would be replaced with a pay-as-you-go private account, similar to a 401k. I have seen some suggestions where SS is partially kept, or it becomes optional, either way, it probably kills the system because there won’t be enough money coming into the system to pay out.
- agensaequivocum 4y agoThere's already not enough money going in. It's going to get worse because no one is having kids.
- partiallypro 4y agoIMO, this is one reason why illegal immigration gets a blind eye. They work, pay into social security, but can't withdraw.
- alistairSH 4y agoEasily fixed by removing the cap on the tax. No good reason to have such a regressive plan in place.