Hey tell me what you think about my way of fixing social security?

[Thomas L]

The market even through its slow times has proven to double your money every ten years for example if i had 20,000 10 years it would be 40,000 then ten years 80,000 and so on. What if the goverment made a mandate that each individual to take out a loan of 70,000 dollars setting the retirement age at 50 years old. This loan would have no interest. This loan you would not be able to touch until you reach the age of retirement. it would cost 116.00 month and you pay for it the day you are born. Parents obviously would be required to pay for there new born until the reach the age of majority. The concerns know are.... How do we pay for people who are on welfare and cant afford it things of that such. Simple in a provision people who die that money goes right back to the goverment (the people who die before 50 retirement age) Unless it has situation like when a mother dies a father gets or draws off of social security. That to would be payed for by for example a 38 year old who
die. At age 50 you should be able to retire with around 2-4 million
no reason to be mean if you dont like say so thats cool with me its just an idea
sorry i wasnt detailed enough you wouldnt get your choice in stock it would be a broad range of stocks like the 401 k set up of say Trowprice and stuff like that
here is how we would pay for it or goverment pay for takeing out the loans each person would be taxed an aditional 116$ out of there checks once a month or split it in two i dot care 58$ and in turn that goverment takes that money and gives it back to the banks. Paying off its loans.
angel i agree with you but you know (even though i am a democrat) the democrats will not forget the free hand out people and let them be accountable on there own. They never have