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Eugene Brindle's avatar

The comment, “ Social Security is already running a payroll tax deficit, which makes ideas like private retirement accounts especially tricky—young workers would have to pay twice, once to fund today’s retirees and again to save for their own future.” Is only half right. See the explanation at my substack (https://substack.com/home/post/p-150428108) detailing, in a real-world example, how the individual could save/invest their own 6.2% and business could continue to put their 6.2% matching into the current fund. Please take the time to read the chart showing how my initial $27.33 contribution would have soared over 59 years of salary matriculation.

If that interests you, I’d like to do a large-scale model of this using national data to offer a workable alternative to the current discussions. V/respy Gene Brindle

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