How about means testing COMBINED with no payroll tax cap?
And, let's be very wary of another thing; the COLA (Cost of Living Adjustment
) is out of tune with the reality that for those on Disability or Retired, the COLA adjustment bears little correlatio
n to the Actual cost of living; health care including medicines, food stuffs, energy (Ironicall
y enough, the government calculates COLA NOT including food or energy).
And as long as we are talking solutions, if the government had indeed "invested" retirement contributi
ons for all these years, the averae rate of return on a conservati
vely structed portfolio would have been in excess of 6%; over 8% for equity-dom
inated portfolios
. This means that today's Social Security Trust Funds (trust-wha
t a joke!) would be worth 4 times what the accumulate
d contributi
ons now total, and benefits could be twice as high as now.
The real fallacy in Social Security is the assumption that government can do it better than private enterprise and the result is continuing concerns about todays' pay-as-you
-go system using todays' contributi
ons to pay yesterday'
s benefits.
Read the Article at HuffingtonPost
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