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Originally Posted by KMA-628
The only problem I see here is in the transition.
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Realistically, any privitization should be a gradual phasing in, not a sudden shift. So what if it takes damn near forever, it'll get here and be a lot less damaging in doing so. Say every year 2% less goes into the social security "pot" and instead goes to the T-bill. So 20 years from now, you'd be paying 40% to your T-bill and 60% to SS. That way the retirees now don't get blasted with cut benefits, there's never a huge cost to save the remains of the current system, and the middle-age workers still get benefits from both.
Seems simple to me, but legislators are impatient.