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A National Pension Plan Saves Social Security

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 · The present payroll taxes are regressive and unfairly affect lower incomes. Income taxes are progressive.

 · The Social Security budget is mandatory. If it must be increased, then other budget items can be decreased in order to maintain taxes at the same level. Taxpayers will not complain if more taxes are diverted to social security taxes as long as their total tax bill remains constant.

 · Because Social Security is a major portion of the federal budget, other budget items will be forced to compete with it and will have greater scrutiny. Wasteful and unnecessary budget items will be "under fire."

As of now, the distribution of payments to retirees are well accepted. Continuing those distributions and refining them as economic changes occur are a matter of priority, and assuredly Social Security should have elevated priority; after all, Social Security payments are only a transfer of payments from children and grandchildren to their elders - a family affair. Instead of family wage earners directly supporting their parents, these same wage earners will be, as now, indirectly supporting them. In other words, no matter the costs involved, as long as they are reliable and sensible, the public will be prepared to pay costs that are necessary to sustain their elders.

The costs of the retirement program have a greater return than other government programs. As mentioned previously, payments are instantly recirculated in the economy and assist in moving the economy forward. Defense programs often result in production of weapons that don't benefit the economic structure and are soon discarded. Many government programs are wasteful and useless to the American community. Foreign aid, which does not require purchase of American goods, moves money and resources out of the country.

Securing the National Pension Plan
The present Social Security Retirement System cannot be easily fixed and its built-in failures cannot be patched. Why continue with that system when a National Pension Plan tends to make Social Security more relevant, more simple, and more equitable? By making SS a budget item, its solvency is resolved. Rather than treating Social Security as an adjunct to America's economy, it is preferable to integrate the needs of the retirement community into the needs of the entire society. In a responsible society, resources are shared and so are sacrifices.

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Dan Lieberman is the editor of Alternative Insight, a monthly web based newsletter. His website articles have been read in more than 150 nations, while articles written for other websites have appeared in online journals throughout the world(B 92, (more...)
 
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