Proposal Benefits

Briefly stated, and mostly as presented, are these main accomplishments of this Proposal:

1)   Turns Social Security (25% of the U.S. budget) into an ASSET, rather than liability

2)   Does NO HARM

3)   Helps everyone

4)   Supplies new voluntary funding for the Social Security system

5)   Solves all Social Security’s problems with use of the U.S. stock market, U.S. Government and millions of Social Security participants

6)   Provides total sustainability for the current system

7)   Transitions to a new pre-funded system

8)   Moves Social Security inevitably to a self-funded program without need for FICA taxation

9)   NO RISK to anyone

10) Totally NON-POLITICAL

11) All positive with no negatives

12) Based on indisputable business, economic and mathematical principles including compound interest, “rule of 72,” law of supply & demand and law of large numbers regarding mortality

13) Stimulates (and strengthens) the U.S. stock market and economy

14) Creates greater U.S. employment

15) Increases tax revenue for the U.S. Government

16) Sets permanent retirement age at 64 years for all Social Security participants

17) Stabilizes all payouts to Social Security recipients

18) Permanently solves the main “entitlement” problem for the U.S. Government

19) $90 billion annual new system cost covered with voluntary contributions and cost reductions for the current system

20) EVERYBODY WINS — nobody loses!

December 2nd, 2020