Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site cmu-cs-cad.ARPA Path: utzoo!watmath!clyde!burl!ulysses!allegra!bellcore!decvax!genrad!mit-eddie!godot!harvard!seismo!rochester!cmu-cs-pt!cmu-cs-cad!mjc 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 -- UUCP: ...seismo!ut-sally!ut-ngp!lll-crg!dragon ARPA: monica.cellio@cmu-cs-cad or dragon@lll-crg