No. of Recommendations: 1
Personally, given the inherent inefficiency of government programs like this one, I would much prefer to take half of the 12.4% payroll tax that I pay each year and invest it myself, in exchange for the government keeping the other half of that 12.4% tax for the existing system with NO benefits to me in the future.

This reminds me of those layoff packages where they try to tempt people to opt out of their jobs for a lump sum or work fewer hours for less pay.

Question to the board in general: For what would you willingly waive any future claim or expectation of SS? Would you want a reduced rate of SS tax, a lump-sum buyout now, or something else?

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