Quote:
Originally Posted by Oreo
I agree that S.S. should be put in a fund where the government cannot get their hands on it. But, even though proposed by various politicians over the decades, that has never happened.
As far as other securities. These type of accounts could be strickly regulated, to where individuals, could not draw them out.
I am an employer. I have no problems paying a portion of an employees social security deposit, into a safe financial instrument that they cannot get into, until their of age. I would not agree to hand it over to employees based on the premise that they would deposit it into a safe financial instrument. It has to be regulated. Financial institutions can regulate that portion, not the government.
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The problem with putting it into a fund is you take trillions out of the economy. You simply cant have that much money doing nothing. Instead, we should just vary the tax rate such that only enough is collected to pay out current benefits. This keeps the most money in the hands of the people. And of course you have no problem paying a portion of your employees SS, as you simply pass that down in costs. Either you pay your employees less, or raise your prices to make up for it.