Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
It’ll take a long time and of course cost us money but the government needs to get out of the retirement program. For 18-21”s entering the workforce STOP taking 7% for SS and put in a 401k, employers still put their 7% in SS. Yes it will go broke faster and need shoring up but eventually the government is out of this Ponzi scheme, You might even over different ages a lower rate with a longer qualification age. SS should only be available when you reached life expectancy since you’ve taken care of yourself with this new 401k until you… Read more »
Add to that the ability to bequeath the accumulated investment account to your heirs.
Take the illegal and dead people off!
The Turdbin knows well that FICA is the only legal Ponzi scheme in the US.
When FICA was enacted, few people lived to the 65 years old ‘retirement age’. Now octogenarians are fairly common. FICA was never designed to pay out two or three decades of money to beneficiaries, so it comes as no surprise that the pile of IOUs greatly exceeds the remaining pile of confiscated employer and employee taxes.
Does Bill Gates need to get a 1099-SSA every year? Does Ken Griffin? Not really.
Vote red.
How about we take the money we spend in arming other countries ,feeding and caring for the illegals,and get the slugs off the government tit and make them work and put those savings into social security. Would that work ?