No. of Recommendations: 1
So I ask you one more time. Do you think the current old-age support systems are stable and sustainable given demographic trends (reduced birth rates, increased life expectancies, and ever fewer workers per retiree)? And if not, what do you think we should do?

I agree with you that they are not sustainable, particularly if we include Medicare costs.

One thing that can be done is to make 401k contributions (or other defined contribution plans) mandatory at some percentage level. The benefit part of the SS system can also be fixed in a myriad of ways. For example, I believe that if one doesn't work and contribute via SS tax, one shouldn't be able to collect SS benefits (I'm not talking about disability benefits here). IMO, all those 'surviving spouse' and 'divorced spouse' benefits should be eliminated. If a person was not willing to work and pay their share of the SS tax, why should they collect benefits?

If you are thinking of arguing that those spouses stayed home to raise families, my question is, why should working folks subsidize the procreation instincts of the non-working?


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