McDonalds and Social Security
February 17, 2005 @ 02:25 AMNo, McDonalds has nothing to do with Social Security. Two separate topics.
Firstly, please make sure my McMuffin is put together correctly. Nothing is more irritating than getting my Sausage and Egg McMuffin unwrapped only to find the sausage hanging halfway out on one side and the top muffin barely on to the other side… It’s so hard to eat. So pay attention when you put the food together please.
Secondly, Social Security. Here’s my plan: We’ve GOT to go to personal accounts. That’s the ultimate solution here. But of course, the President has got to appease the obstructionists (aka: Democrats) somehow. But I agree we cannot raise the rate of payroll taxes. Considering Social Security started at 2% and is now effectively a 15% tax, raising taxes again won’t fix anything. Soooo? Implement the personal retirement accounts. And to offset the cost of the change, increase the level of income subject to social security taxes from $90,000 to $150,000. That should make everyone both a little happy and a little unhappy. But it’ll get the job done.