Simple Solution to Social Security Posted on Saturday, August 28, 2004 Ok I have what I think is a very simple solution to social security. Now understand this is just a very rough outline and the finer points would have to be decided later but here is my idea. Keep it the same as far as how much money the employee and employer pays, but instead of the employer sending the money into the gov't. have the employee choose a bank of their choice approved by the gov't. Have the employee set up a social security account that he will be able to be somewhat flexable as to what it is invested in (all that can be determinded later). Now this becomes the employees own account that he can't touch until retirement age, say 65 or 67. Now this keeps the money out of the hands of the gov't so that they can't spend it on other things instead of what it was to be used for. It would help the economy because all the money would now be going to banks and they will in turn be able to lend more and so on. So it would help out the private sector. Now of course there would have to be a cut off age somewhere as to who would stay on current social security and who will start a new account of their own. Just a very basic idea of mine. What do you think? I mean it could be something as simple as an annuity. It don't mean that it would have to be invested in dangerous and risky investments. Thanks for listening to me.