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Dennis Bradley on Social Security

 


Retirement annuity to replace current forced annuity

What is Social Security? Social Security was started as a simple (but forced) insurance annuity so that when you retired you would have a guaranteed source of income. It has slowly evolved into another Welfare Program and "means testing" payments will turn it into a total Welfare Program. The question is quite simple. Do we want Social Security to be a Welfare Program or a Retirement Program?

The answers to shortfalls in the system are very easy if we choose a retirement annuity. Under this choice we do not have any payroll taxes we only have insurance premiums. Because there have been significant increases in the life span of the average individual, a simple actuarial study will solve the problem. As part of this approach the Social Security Administration must also be removed from the General Fund and the money flowing into the system must be invested by the system. All of the Welfare Programs tacked onto Social Security must stay with the General Fund.

Source: Email interview on 2010 Senate race with OnTheIssues.org Mar 7, 2010

Other candidates on Social Security: Dennis Bradley on other issues:
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Rick Scott
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Marco Rubio

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Page last updated: Nov 26, 2010