Progressivism is unsustainable
Just look at Greece. If I took the amount paid into SS by myself and my employer and invested it in a private account for me alone instead of thrown into a big general fund, I'd be a lot better off today after 40 some years of working. One thing is for sure, none of my invested money would end up in the general government fund.
When all the baby boomers retire, there will be less current workers to support their SS needs. What happens then?
Medicare is just a mess and unsustainable in its current form. Privatizing it and increasing competition in the insurance industry might be the way to go. Also, modernizing healthcare treatments by using more nurse practitioners/physician assistants would help lower costs.
I still think I'd be a lot better off on my own. I would have a 401k, my own private social security fund and private insurance that I choose on the open market. Costs would come down if there was more competition in healthcare insurance. The way it is now, I have an uncertain future when I retire. Thats if I can retire. Even with these fabulous government programs, I'll still be working til I drop.
AV
