Friday, April 1, 2011

Reason to Reform SS

Lately some Democrat pundits have started to call for reform of SS in order to reassure future beneficiaries about the program. I think that the fact that republicans are scaring people about SS is not sufficient reason to mess with it but I do think there is at least one good reason to mess with it.

The only reason to address SS now is that it would allow us to lower the SS tax (FICA). The way I see it SS is a pay as you go welfare program and so as long as it is not in the red now there is no problem with it except that young people trying to start families are over taxed to give more to rich and middle class people over 65.

No comments: