The reformation of Social Security has been a hot topic debate since its inception in the 20th century. In the beginning it was a good way to help people save for retirement when they were unable to, due to a lack of discipline, or quite simply the lack of financial means. The problem with Social Security is that it is a means in which the politicians can redistribute wealth. Even those that have not paid into Social Security can still benefit from it, once they reach a ripe old age.
Another issue with the Social Security system is that it is a means in which the government has more control over the money earned by the population. There simply is no mechanism to opt out of paying a Social Security tax, as well as a Medicare tax. These politicians than cook the books so that these funds, which are supposed to be a government savings to help people when they retire, wind up being spent by the politicians on their pet projects.
Unfortunately, we find that these funds are being pilfered faster then they can refill themselves. Where does this leave the man, or woman when it is finally time to retire. I am sorry,but we will put you into a group home for helpless persons where you can be abused by people that do not love you and they do not care if you live or die.
It is a horrifying scenario, but who loses? The people which continue to count on th foolish government officials which can do nothing right, and they have received there rewards as they stole the wages of the working man. It is time that individuals put themseleve in charge of thier own retirement fund and stop letting those politicians rob you.
It is simply the time that we mothball the old system and allow people to invest in ther futures in accordance with what they deem best. If we do not act soon there will be nothing left for our children, and I love them too much for that.