cancel
Showing results for 
Search instead for 
Did you mean: 
Veteran Advisor

Got entitlement reform?

1 Reply

Re: Got entitlement reform?

You got to be kidding me, right?

 

There is a very reasonable and timely suggestion for SS reform around but I seriously doubt that it will get any traction.

 

It would be to cut the rate to approximately 8% total but make it applicable to all forms of income at all levels.

 

Estimates are that it would increase total revs about $200 billion.

 

Coupled with puching eligibility back on everyone under 55 by 2 months per year, the system would be sound, at least under present actuarial assumptions.

 

It would also-

 

-reduce employment costs for employers

-increase disposable income for those with the highest marginal propensity to spend

 

Got a feeling that it isn't going to fly.

 

Best, h