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Author: PMcMullenCT Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5267  
Subject: Re: The Transition Cost. Date: 1/16/2001 10:51 PM
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So you're suggesting that we raise the retirement age so that more people die before they ever collect a dime in social security. Hmmm....doesn't quite seem fair to me.

Actually I'm suggesting privatizing SS so that individuals are free to accumulate more savings without needing to hire lobbyists to ensure that their monthly benefits aren't cut. With larger nest eggs, individuals would likely be able to retire earlier if they choose, and should they die early, they could leave that nest egg to their heirs. The current system, which permits SS contributions to be lost if one doesn't live to retirement, is unfair. Raising the retirement age is simply one method (along with higher taxes and reduced benefits) for paying the transition costs to a better system.
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