What is the best way to fix the Social Security system?

Question

No one seems to have a good answer to this
What are your thoughts

I agree that there is not yet a crisis but there will
be if we continue to send our jobs overseas

Answer 1

It can't be fixed. And is more broken than we are being told. I heard a report this week that the trust fund will be exhausted by 2040 and medicare will run out long before then.

But the truth is there is no trust fund. The trust fund contains nothing but IOU's. They recently renamed the IOU's to government bonds, but the effect is the same. As soon as they need to start dipping into the trust fund they will either have to raise taxes, cut benefits, or take the money from some other part of the budget.

The only chance to save the program is to get away from payroll taxes completely and adopt the "Fair Tax", a national sales tax. Even then we have to ask ourselves how much of the Federal budget should go to retirement.

You can't trust the government to take care of your retirement needs you need to have your own retirement fund. Otherwise you'll wind up like the Katrina victims waiting to be rescued. S.O.L.

Answer 2

fixing wellness care will help Medicare and Medicaid this is an extension of Social risk-free practices. Social risk-free practices, Medicare and Medicaid exist by way of monies gathered from all human beings's paychecks.

Answer 3

there is no social security crisis. that's a myth. economists says there's enough in the SS Fund for a couple decades. However, there is a medicare crisis because of skyrocketing healthcare costs. For the future maybe partial privatization.

Answer 4

Get together some good tax accountants, investment gurus, insurance actuaries,
deans of business schools, economists, mathematicians, insurance executives,tc.
and give them all the time they need and all the data they want to come up with a solution.
And keep the politicians out ofit.

Answer 5

Well, we aren't experts here, but here is my humble opinion.

People will need to pay more into it, wait longer before accessing it, and the richer someone is, they may have to be asked to forfeit their social security payout. When I say that, I do mean that they should get the money back that they gave with interest, but they shouldn't get the full payout that most of us will get.

Answer 6

Go to Fairtax.org for the only solution I have yet found that might have a chance to fix things like this.

Answer 7

Equally distribute the available resources among all citizens without applying any eligibility criteria!

Answer 8

It needs to make money rather than simply store and dispense it

Answer 9

Shoot everyone older than 60 years old.............

Use their dead bodies to make baby food......