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Social Security

Issue
 
   The Social Security program in America has been improperly handled over the years, and it may not be able to pay its full benefits in the future. The current tax for Social Security is 12.4%, where individuals and businesses pay half that amount. Participation in the program is mandatory, however, forced participation in a government program is a violation of civil rights, which should be corrected as well.
Solution

   There are four basic options to consider (none of which are without their drawbacks):

        Option A: (end Social Security in full as law enforcement would do with any pyramid scheme)
            Businesses no longer pay into the system (expect job growth, higher salaries/benefits, etc.)
            Better for younger citizens to save for retirement (+6.2% in additional savings)
            No monthly income for current retirees
            High death rate of elderly due to lack of savings (median net worth for 65+ yr old is $410,000)

        Option B: (end individual contributions, businesses continue to pay their portion)
            Better for younger citizens to save for retirement (+6.2% in additional savings)
            Retirees receive half monthly benefits (from average $2,084 to $1,042/mo)
            Moderate death rate of elderly due to lack of savings (poverty/low income hit the hardest)

        Option C: (continue Social Security "as is" with the caveat that taxes will increase in the future)
            Younger citizens will have less saved for retirement (due to continuing to pay into the program)
            Retirees receive full benefits
            Low death rate for retirees due to lack of savings
            Moderate death rate for younger generations (savings may not be enough to retire)
            Forced participation into system (violation of civil rights, may be challenged, no guarantee for future)

        Option D: (end individual contributions, businesses pay full Social Security tax)
            Best case scenario for younger citizens (+6.2% in additional savings plus full retirement benefits)
            Retirees receive full benefits
            Low death rate due to lack of personal savings for any age group
            High probability of continuing into the future since only businesses pay into program
            High corporate tax rate to pay the extra $790 billion/yr (may be impractical)
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