On Jun 30, 2:35*pm, "Mike" wrote:

Unfortunately, SS has been expanded over the years and the elgibility age
hasn't been raised to reflect the reality of people living longer. *The SS
maximum income level also hasn't kept pace with increases in income, and the
whole trust fund idea is a disaster. *

The reason the max income level hasn't increased as fast is because
the max payout has been reduced. Incomes over that amount don't
contribute to increased future distributions. Allowing people to pay
into SS at higher income levels than they can ever collect on totally
throws out the idea that its a "savings" plan as sold by FDR.
In anycase, if they cut the SS tax in 1/2 by allowing people to opt
out of ever collecting on it people would retire with several times
more money by investing the saved 1/2. However, that doesn't allow the
gov't control over your money so it will never fly.

-Robert