Social Security

PRIVATIZING SOCIAL SECURITY

The idea of privatizing social security does not solve the problem, instead it will place many of our senior citizens at risk. To me the idea of having control of my retirement account some twenty to forty years prior to my expected retirement, literally gives me the chills. How many of us would save for retirement, if those funds were not excess but necessary to survive in the present. I believe if it were ever to happen many seniors would find themselves out in the cold come their time of retirement.

THE SOLUTION

The maximum social security withheld today is $5,580 based on a yearly salary of $90,000, anyone earning more is not taxed further. Lowering the rate and removing the lid will correct the problem. Like income tax structure where the wealthy pay a greater percentage then those earning far less.

PRESCRIPTION DRUGS

The Medicare program needs to be reworked to include prescription drugs and those receiving benefits should not need to purchase private insurance to supplement the program.