"If we do not face up to the challenge and fix social security now, our children and grandchildren will face a bankrupt future. Unless  younger workers are allowed to have control over a small portion of their contribution in a real "lock box" they direct that can provide for the funds to grow in a safe secure tax free  fashion with the funds being fully inheritable in case of an untimely death, we will simply continue funding a Ponce's type pyramid scheme until it collapses under its own weight being unable to provide benefits for anyone.  This is the last step in saving social security and was rejected by the Republican controlled Congress of a few years ago as unworkable because they were afraid to address the total solution, complete removal of caps on the social security contribution which is the first step. We can no longer afford the huge exemption granted to the wealthy. Did you know that anyone earning over $102,000 per year contributes not one penny to the social  security system on any wage over that amount? A professional ball player or coporate CEO that earns $20 million per year should not be given a free ride on the backs of America's poorest wage earners. That change alone, having everyone contribute at the same tax rate on their entire wages, will enable the system to be sustainable.

Those currently receiving payments or who are within a few years of qualifying for the program should be allowed to continue in the current program, with no benefit reduction from current levels.

You can't have only one half of the change that helps the already wealthy remove more money from the system You must have the total program to ensure that current as well as future benefits are guaranteed."




Jack and Wanda Gill,   Joel's parents. Both receive Social Security payments, but of vastly different amounts.