What is the best way to begin privatizing our failed Social Security
system that the Democrat Party created? Several ideas come to mind:
1) Continue the employee and employer taxation the same as currently
exists, except funnel ALL of it into privately-owned and operated mutual
funds - Fidelity, T. Rowe Price, etc. etc. etc. - spreading out the money
over all mutual fund companies that currently exist. NO more flowing of the
Social Security taxes into the federal government slush fund as is now being
done.
2) Continue the employee and employer taxation as currently exists, except
reduce the amount which is pouring into the federal government slush fund by
50% or so, with the balance going to a mutual fund designated by the
employee, over which he will exercise authority.
3) Continue the Social Security system exactly as it is, but meet the
projected shortfall by taxing all registered Democrats, and ONLY registered
Democrats, to meet the shortfall, since it was the Democrats who created
that Ponzi scheme in the first place and since it was the Democrats who have
controlled Congress for most of the past 40 years.
4) Exempt all those employees under the age of say 40 years or so from
Social Security taxation, and allow them to do as they wish concerning their
own retirement. Then reduce federal spending by cutting the various welfare
programs (not defense spending, however) and use that resulting surplus to
continue funding the failed Social Security system until the last person
scheduled for SS benefits finally passes away.
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