Social Security Reform and Demographic Reality
This author's description of the problems of the design of the current "pay-as-you-go" Social Security
system are documented concisely, but his conclusions on how to remedy the problem falls slightly short, in
my opinion. He says "we need to adopt some combination of the ONLY TWO possible solutions", which the
author says are "to reduce the annual payments to Social Security beneficiaries" (i.e. CUT BENEFITS!), and
"the other is to reduce the number of retirement years by RAISING THE RETIREMENT AGE" (do you want to
continue to pay into a scam that makes barely a 1% return for a LONGER PERIOD OF TIME, and then have
to WAIT LONGER to receive your "benefits???").
He neglected to offer the idea of PRIVATIZATION, which I espouse on this website, which would make
millionaires out of millions of American workers. The people would become millionaires (no benefits need
to be cut!) and people would become millionaires between the ages of 50 - 60 depending on contribution
amount related to your salary, and the rate of return received. No more waiting until your late 60s to receive
a $1,000 per MONTH, like the current scam struggles to provide...
Question to ponder:
Why would the PRESIDENT of the FEDERAL RESERVE of ST. LOUIS NOT SUGGEST PRIVATIZATION?
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