Wednesday, May 11, 2005
Social Security Thought
Fully privatizing social security would basically index benefits to economic growth during one’s life (working life plus retirement years) rather than speculating on the productivity of future generations. This would eliminate the problem of declining productivity growth and demographic changes causing shortfalls.
The system also would provide a bonus to those who have loved ones whom do not use their full benefit. As the majority gains wealth, the question is: In the future will there be Wealth Affirmative Action? Will there be a tougher job market for Trust Fund Babies?
The system also would provide a bonus to those who have loved ones whom do not use their full benefit. As the majority gains wealth, the question is: In the future will there be Wealth Affirmative Action? Will there be a tougher job market for Trust Fund Babies?
