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From: mjc@cmu-cs-cad.ARPA (Monica Cellio)
Newsgroups: net.flame
Subject: Re: Social Security
Message-ID: <222@cmu-cs-cad.ARPA>
Date: Sat, 5-Jan-85 14:55:19 EST
Article-I.D.: cmu-cs-c.222
Posted: Sat Jan  5 14:55:19 1985
Date-Received: Tue, 8-Jan-85 03:04:36 EST
Organization: Carnegie-Mellon University, CS/RI
Lines: 30

Ah, a topic I love to complain about....

Now for the most part, I am probably a reasonably 'humane' person.  On this
issue, though, I think 'humanity' is being stretched too far.  I think I, as
a 21-year-old who will probably never recieve a social security check (the
system will have gone broke long before I'm 65), have a right to put away
money for my future and to *not* pay *again* for someone else.  The
transition would be difficult, but the best end system I can see is one where
everyone has an IRA account and he gets out of it what he puts in (the
interest rates are correlated to inflation).  If you don't want to put
anything in, don't.  It's your problem.  

Now, can someone suggest a method of transition that could get us to this
system without screwing the people currently on social security?  Maybe
something like the following would work, for some value of X to be filled in
by knowledgable types:
	- if you are currently 60-65+ 100% of your benefits come from SS.
	- if you are currently 50-59 X% of your benefits come from SS and 
	  the rest (like an IRA) is up to you.
	...
	- if you are currently <20 all of your benefits come from you and none
	  from SS.

Comments?

						-Dragon

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