Voluntary Social Security?

Just curious, who would support voluntary participation in Social Security? In other words, you would have the option to waive all rights to Social Security benefits, and in return, you would not pay a dime in Social Security taxes. Again, this would be completely voluntary. If you want the benefits, you pay the tax, otherwise you keep your money and you get no benefits, no matter what.





Would anyone support such an option? So each citizen would have the freedom to choose.





Please keep it civil people, I'm just trying to get a feel for how people feel on the subject. Let's be adults and keep the useless name calling to a minimum.

Voluntary Social Security?
As far as I am concerned SS is the biggest fraud ever perpetrated on the American Worker.





I have run the numbers and with compounded interest on the moneys I paid in SS taxes my bank account would be large enough that I could draw about 4 1/2 times my SS benefit and never touch the principal in the account.





Unfortunately I am too old to benefit from ANY reform. All I can do is continue to buy Preparation H and pray for it to sooth the past violations.
Reply:What they need to do is grant each person money from birth in a bank account earning market interest rates, and over the years people can add to it but never take from it until retirement.





The banks would fund the growth here and not the government.





If they keep things as they are I would like to see them give contributors a small amount of control over a portion of our SS so we could put it in federal and municipal bonds at a better interest rate.
Reply:The problem with that, is the huge number of people who would opt OUT of social security, and then later on in life would still not having anything saved.





In a fair world, they would either continue to work or starve to death. But sometimes fairness isn't humane, so mandatory social security is there for those who will need it, regardless of whether or not they want it earlier in life.
Reply:i think it should be voluntary. since anyones attempts to help you comes normaly with a price tag of disbelief in G-D. i do not want, or need your pretend true help. since i only want G-D'S true true help. i do not want to support any of your social religions of man, as a domesticated animal. which is forbidden by my religion. i do not even want to live in this world so totaly without HIS LOVE. but like all of you i do not get a choice, wheather i am born here again in TheTorah or not.
Reply:it would never happen





what you pay in now is paying the people collecting now
Reply:Well I can see how this would be a good idea considering all the rumors about how by the time my generation is ready to retire the social security system will practically be completely gone. (I'M in the MTV generation (23)). So yeah why am I paying into the ss funds if i'll never see any of it. BUT by me paying into it I am helping somebody RIGHT? the mentally handicapped and the NOW elderly that need it so i'm doing good by not doing anything really. I guess it depends on how much i'm actually putting into social security. If i looked at my w2 at the end of the year and it said i'm paying like I don't know $20,000 (which i'm not) in social security then dang why lie i'd probably opt out of it and put that money to work for me somewhere else. If my w2 said I was paying like $200 into social security lets see for the next 40ish years then I don't know maybe its better to help others.
Reply:I honestly don't care. The government has not been handling the SS tax properly since it's been created. Even if I did decide to keep an account, by the time I get to retirement they won't have any money left because they keep using it for other purposes. I would elect not to have that account and just put that much more money a paycheck into my 401K. It'll never happen, tho, life just doesn't work that way.
Reply:Hey, that's a good point. Seriously I would rather opt out and save up my own money just because I'm 23 and I'm now insecure that I won't get the benefits in which I'm paying for right now.
Reply:Voluntary social security would further the breakdown


of the middle class who ultimatley would ,on many levels


take resposibility for those who waived their rights to it.