PROPOSED LEGISLATION THAT WOULD PRESERVE SOCIAL SECURITY INTO PERPETUITY

See the analysis of Social Security (SS), not to be found anywhere else, for the 16 year period, 1993 through 2008. The central result is that easy structural changes can be made to the SS taxation system by an act of Congress that will easily provide for sufficient annual contributions and Trust Fund assets growth to take care of the retirement needs of the increasingly aging population into perpetuity, as well as the replacement of the existing 73-year old regressive SS taxation system (only salaries/wages are taxed below a certain amount called the "cap") by a progressive one (i.e., the taxation of all income, not merely salaries/wages, at a rate that increases with increasing income), and without reducing retirement benefits nor increasing the retirement age. Please click on:

http://www.absentlinks.com/uploads/6/6/4/2/6642350/four_analytical_papers_on_preserving_and_strengthening_social_security_by_john_bachar.pdf

and

http://www.absentlinks.com/uploads/6/6/4/2/6642350/social_security_taxation_system_revision_from_regressive_to_progress_on_all_income_november_2010.pdf

John M. Bachar, Jr.

Emeritus Professor of Mathematics

California State University Long Beach (CSULB)