Deficit Future

From Gather.com

Here is what I would do, first I would be smart enough to say we can not fix the social security system we have in place now. There is just no way, but since social security works kind of like a pyramid scam where we use the social security taxes of working people pay today to give benefits to those who have retired yesterday. In essence we are robbing Peter to pay Paul in the end Peter will run out of money. We need a new system one we can start from scratch one that will serve all those who will retire in the next 20 years. How do we do that and still pay out all we have to now? I don't think it would be that hard.

First we group every single person who is collecting social security right now in one group. We then figure out how much we are going to need to meet our obligations to that group every year. Lets take a few round numbers here, Lets say there are 1 million people collecting social security right now at a cost of lets say 1 billion dollars a year. Where can we get that billion dollars a year from with out touching the social security taxes people are paying today? Well we can do that with taxes. No not raising taxes but rather using the taxes we already place on our working Americans. We tax everything and pool those taxes to help run the government, we need to stop that. Lets just say for an example we use the taxes we collect on toilet paper to help fund this endeavor. We already collect a sales tax on that item all we have to do is change it from a sales tax to a social security tax. We are all already paying that tax so we would not even feel it. I know toilet paper really? Yes really we need to make sure we use the taxes from things that we can not live with out. And unless you're a bear in the woods you need toilet paper. I can hear you all now by taking the taxes from that and using them for something else we are just short changing another area of government, Come on people we all know that if every dollar the federal government spent was looked at a lot closer we could find savings. Even I know it does not cost $100.00 for a hammer.