Vivek Ramaswamy on Social Security

Let seniors work; invest Trust Fund in diversified portfolio

A: I just want to be clear at the outset about one thing: no cuts for seniors on Social Security or Medicare. We have to stand by the commitments we've already made. Then we can actually have rational conversations about quirks in Social Security today--like if you're a working senior you're actually penalized for working--we disincentivize work. This is nutty! We have more jobs available in this country than we do have people so for people who want to work, they should still be able to get their Social Security payments that they paid into, but also earn on top of that. Back when we did have a Social Security surplus--it wasn't that long ago--if we had just allowed that money to be invested in the same way that your financial advisor would--in a diversified portfolio--we would be swimming in surplus today.