From: utzoo!decvax!harpo!ihnp4!iwsl2!jgpo
Newsgroups: net.misc
Title: Re: Social Security solution
Article-I.D.: iwsl2.135
Posted: Wed Jan 26 18:43:19 1983
Received: Sat Jan 29 08:46:00 1983
Reply-To: jgpo@iwsl2.UUCP (John Opalko)
References: hocda.234


I agree.  I feel that I'm young enough (also 28) to afford losing my
SS investment so I can put my SS contributions into an IRA or similar
fund and stop wasting it on a soon-to-be-defunct anachronistic *ripoff*.

I say that everyone already in the system be given the option of stopping
contributions, losing what they have already put in, and waiving all rights
to future benefits.  At the same time, those people who choose to remain
in the system will be *guaranteed* benefits for the rest of their lives.

Probably, most young people will opt out and those who have a sizable
investment already and are near retirement will remain.

Eventually, the system will die a graceful death, the dropouts will have
established personal retirement savings (if they're smart; if not, well...),
and the persons who elected to ride it out will have received all the
benefits they were promised.

It seems fair and reasonable.  Of course, that's the best argument
against it.  When did the Government EVER do anything that was fair or
reasonable or (God forbid) BOTH?????

	
	Revolutionarily yours,
	John (the mad Hungarian) Opalko