And it is better than the current system because it allows SS to plan ahead. It is not true that to fulfill the promise made to the baby boomers we will have to invest for longer than years. There are many other simpler easier solutions that will be much easier, such as eliminating the cap on SS tax.
Your suggestion is an interesting idea. If I am interpreting you correctly though, the investment plan for the baby boomers would be different from that for gen-xers, and different from those found in between these groups. I'm not sure I understand why that is a better solution. I discovered recently that Rep. Peter DeFazio D-Oregon, 4th District has come up with his own plan, introduced as HR , which is similar but better than the suggestions I have made for quick summary, skip down to bulleted list:.
Thanks for the explanations and the link. Read it and liked it. I really like DeFazio. As for my suggestion, I really do not know if it is better than anything. In fact it might be the same or worse. I was mostly thinking out loud. But, if I continue doing so, let us say we have three cohorts: A, B, C, and D. And say A begat lots of Bs; eg. I suppose it depends on who you think the parent and children and grandchildren cohort's responsibilities are in this A, C, and D.
Currently, we have a system where D pays for B; eg the grandchildren pay for their parents. But, it seems to me that grandchildren are paying for their grandparents. Basically, it seems to me you could do the following when determining SS tax rates for a particular cohort, in this case B:.
This sort of inverts the current SS system in that it moves the "responsibility" to the parents instead of some ancestor generation. Where I say "eg the grandchildren pay for their parents" I should have written "eg the grandchildren pay for their grandparents". Would you please also visit my site? Good site, nice design! This site is very nise and helpfull! Please also visit my site: Your site is very nice!
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The Surplus By R. Casey Heckman February 11, , Quentin Crain at February 11, Peter DeFazio D-Oregon, 4th District has come up with his own plan, introduced as HR , which is similar but better than the suggestions I have made for quick summary, skip down to bulleted list: Casey at February 18, We could structure it so that the parents pay most.
In this case that would mean A. Basically, it seems to me you could do the following when determining SS tax rates for a particular cohort, in this case B: I will stop there as this is already pretty long and confusing. Quentin Crain at February 24, Where I say "we have three cohorts" I should have written "we have four cohorts". Lawrence at March 22, Steve at March 22, Betty at March 22, Allen at March 22, Alfred at March 22, Lambeth at March 22, Tom at March 22, Stacy at March 22, Keep up this great resource.
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