Posted by
Publius North on Thursday, March 26, 2009 7:48:46 PM
First, don’t forget that everyone continues to be obliged to make the “payroll tax contribution.” No change here.
So, having established that there will be no relief from FICA, what is the solution?
No children, no benefits!
A major factor in the Social Security System crisis-to-come (but not sole factor) is that we have more and more people on or preparing to be on Social Security and fewer and fewer people paying into the system. Once upon a time the ratio was very high, maybe 25 or 30 to 1, but now it is approaching 2-4 to 1. (I may be slightly off on these numbers but the drift and direction is nevertheless towards one taxpayer supporting one retiree.)
Why? People are living longer and more and more people are having fewer and fewer children. As I don’t propose knocking off the old (but wait for liberals to change the “right to die” to “its right for you to die”) I propose we require Social Security recipients to produce and rear children.
Therefore, let it be enacted that to be entitled to full social security, one must show that they claimed on their federal income tax return a minimum of 60 credit years of child dependent deductions. This is 3.3 children per couple. Adoptions certainly apply. No excuses for not being able to bear children. If you only can demonstrate 30 deduction credit years social security benefits are cut by 50 percent. (1 child on one year’s tax return = 1 credit year.)
If you think about it, this will encourage marriage and children! It will also produce families. It will provide the working Americans for the future.
To be fair, I would phase this new law in by exempting on a scaled basis those people currently between 35 to 45, and those over 45. This is not for reasons of justice, but mere pragmatism.