Title : So Crazy This Might Just Work!
link : So Crazy This Might Just Work!
So Crazy This Might Just Work!
In the fervor to extend unemployment bonus payments, those that are screaming, "I want my money, and I want it NOW!" have been accommodated without complaint - so far.But, as each added bonus is sucked up by the recipients without a pause, perhaps it's time to ask:
Is there a better way to do this?
Here's an idea:
For each 6 months of bonus payments received from this point on, the recipient's Social Security account gets docked for 6 months of earned service, over and above the failure to add to those qualifying years while unemployed.
Those that cannot wait for their money, will lose at the other end. They will, in essence, be raiding their own retirement accounts to pay for their current standard of living.
Isn't that what people with IRAs have to do, should they have need? By treating the SS system in a similar way, we are reducing the amount that the recipients will be able to take out, when they retire. In that way, we are reducing the eventual debt that will fall on taxpayers.
For some people, it is a good, or at least acceptable, short-term solution for their cash flow problems. By introducing the benefit qualification reduction, they will have to weigh the pros and cons of getting their money now, or making decisions to cut their expenses, and conserving the FICA account for the future. Some will decide to forego the payment, and keep their earned SS years intact.
By doing this, we will start shifting the thinking of the public towards the idea that TANSTAAFL.
Thus Article So Crazy This Might Just Work!
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