There’s been a lot of talk lately about “fixing” Social Security. President Bush would like to see some of the money we contribute put into personal accounts that we would administer. Putting the merit or non-merit of this aside, I don’t see what it has to do with fixing the problem – there are going to be too many old people and not enough workers contributing to support them. So here are my top 10 ways to fix Social Security.
10. Reduce the benefits to everyone
9. Have a means test; if you are a wealthy retiree then you get less or nothing
8. Create better paying jobs for young people. If they make more, they’ll contribute more.
7. Raise the percentage paid into the system.
6. Tax all the earned income; no ceiling.
5. Raise the retirement age.
4. Have more babies. (this would work well considering the administration’s views on family planning, but it’s kind of a long term solution)
3. Legalize all illegal aliens and get them contributing.
2. Invite lots of new, working-age immigrants to the U.S.
And the number one way to fix the Social Security problem –
1. In any current or future war in which the U.S. might engage, keep all the young people home so they could work, and send all the retirees to fight. This way you get a dual effect – more workers, fewer old people.
American Treasures of the Library of Congress