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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