Social Security is currently a red hot political football. If you pause and reflect on the rhetoric, you will note most politicians use Social Security as a sounding board for their, often, hidden agenda. For example, the colorful (former) presidential candidate, Rick Perry, stated boldly “Social Security is a Ponzi scheme and certainly no illegal alien deserves a penny from Social Security” With a wry smile he exposes his Colt 45 pistol discreetly concealed under his suit jacket with the yellow NRA logo embossed on his black leather holster. Of course, his hidden agenda is, “My NRA lobbyist wants to create a wedge issue to promote the NRA’s political agenda.”
The NoLobbyMoney.com candidate, Jerry Sakura, CD3, has a practical, down to earth solution.
His Save Social Security plan has two parts.
1. Every American who has worked during his life has paid into the “lock box” of Social Security. Unfortunately there are a decreasing number of workers, in part, due to the remarkable efficiency of the computer/robotic age. In addition, seniors are living longer. At the time of our birth, the insurance industry calculated our average length of life. For example if you were born in 1940 it was predicted that you would live to 70 years of age. Medical advances have vastly improved on this age. Therefore the plan would pay all seniors to their original actuarial age. Thereafter a means test would apply.
2. Sakura went on to provide an example of the means test saying: “Take my three brothers, who were fortunate enough to become doctors and are now retired. They take their monthly social security check, throw it into a desk drawer and six months later exclaim, “Oh I have enough for another luxury cruise. My wife and I have been on seven cruises since retirement, but I’ve heard that the grand tour of European and Near East Cities is excellent. I think I will advise my wife to book the cruise.”
Social Security is designed as a safety net and if someone makes one million dollars a year in retirement this safety net is not needed for this individual.