cicerone imposter wrote:This was posted by me on the previous page.
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Quote, "How would diverting ss taxes to personal accounts help, hinder, or do nothing to further that goal?" 1) personal accounts do not guarantee bigger earnings for all investments; the stock market does not guarantee any gains, 2) do the math; the $1,000 starting maximum in 2009 plus adding $100 every year for xxx years, and see how much you come up with, 3) if one participates in this voluntary person account system, it reduces social security benefits, 4) the cost of funding personal accounts a) does not help the social security fund, b) increases the national debt by one to two trillion dollars by government estimates, and c) it actually begins to dismantle the intent of social security which is to guarantee some income for the retired.
I thought I answered your question - point by point.
Yes yes, you did. I thought you were referring to my second question when you said I was asking the impossible. This one:
Quote:Is there any circumstance under which private accounts could further the original intent of social security?
I saw your points and agree with them if the proposal for private accounts is as I think it is. But one of the problems I realized with my question is that it didn't make assumptions as to how private accounts might or might not be done, and that kind of left things open.
For instance, Clinton proposed using the projected surplus in the late 90s to fund private accounts for everyone that would be in addition to ss. I kind of like the idea, but again, the details...
