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I read with interest the summary of the Social Security system and how it is basically a transfer of wealth from workers to non-workers. The author said that he saw three ways to help the SS system limp along for a few years longer than currently projected: 1) Minor tinkering, increasing taxes and reducing benefits; 2) Allowing some self-directed investing along the lines of an IRA; or 3) A combination of (1) and (2). I would like to suggest another alternative: Get the government out of the retirement/Ponzi scheme business altogether and allow adult citizens to provide for their own retirement as they see fit. I am 47 and have paid into the system for over 25 years, but I would be perfectly happy to get back what I have paid in so far (even without interest, just adjusted for 25 years of inflation) and opt totally out of the system. Allow me to receive the 15+% that I am currently forced to send to Washington (my "contribution" and my employer's matching payment), and I will expect nothing from the government when I retire at whatever age I choose.
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