More headlines: Steve Forbes on Social Security

(Following are older quotations. Click here for main quotations.)

Private Soc. Sec. accounts for younger taxpayers

I propose removing all the taxes and penalties on Social Security benefits because you’ve already paid the tax during your working life. [Older people] keep the old system because they’ve made lifetime decisions based on those promises. But for younger people, we’ll give you a choice. What I want to do is phase in a new system where most of your Social Security taxes will be deposited directly into your own private account. The money belongs to you. The government can’t touch it. Source: TV ad, “Social Security” Nov 17, 1999

Choose personal account or government account

Forbes will give you the freedom to choose: leave your payroll taxes in the current system, or create real personal wealth in your own account. Source: forbes2000.com Jul 2, 1999

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