Quote:
Originally Posted by Oerets
I see this as an attempt to allow the private sector to get out of them once and for all. Letting the US government pickup the tab.
Barney
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Actually that would be a good thing IMO.
If I were dictator I would just double Social Security and do away with all other retirement plans. And the way I'd fund it would be to leave the employee contribution at 6.2%, but increase the employers share by whatever it takes. I'd also remove the cap entirely and make every employer participate in it, no exceptions. Self employed would have to pay both the employee and employers share. Again, no exceptions.
And if you feel you need more than 2X Social Security, then you need to save for that yourself. After all Social Security is the only plan that has shown real dependability over the years.