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Social Security The First Recorded Research Proposal

The benefits of the wealthiest Americans (those who earn more than $100,000 a year) would grow "only" at the rate of inflation. In this way nobody would suffer a true cut -- even the richest Social Security recipients would be guaranteed at least the same, inflation-adjusted level of benefits today's retirees receive. Meanwhile, because benefits for the poorest Americans would remain tied to wages, we'd ensure that they receive proportionally higher benefits in years to come (Feulner).

Personal Retirement Accounts (PRAs) would let all workers invest a portion of their payroll taxes into personal accounts they would own and control. They would be similar to an IRA, except workers would be investing their...

At retirement, a worker could convert the entire account into an annuity or leave some of the money invested to spend later or pass on to heirs (Feulner).
Bibliography

Feulner, E. "Solutions for Social Security." 2005. The Heritage Foundation. 9 May 2009 .

Geneology Today. Social Security History. n.d. 9 May 2009 .

Paine, Thomas. Quotes About Social Security. 15 February 2008. 9 May 2009 .

Tanner, Michael. "Social Security Problems Have Not Gone Away." March 2008. Cato Institute. 9 May 2009 .

"The Social Security Act." n.d. ushistory.com. 9 May 2009 .

Sources used in this document:
Bibliography

Feulner, E. "Solutions for Social Security." 2005. The Heritage Foundation. 9 May 2009 <http://www.heritage.org/press/commentary/ed051205a.cfm>.

Geneology Today. Social Security History. n.d. 9 May 2009 <http://www.genealogytoday.com/guide/help/ssa.html>.

Paine, Thomas. Quotes About Social Security. 15 February 2008. 9 May 2009 <http://www.genealogytoday.com/guide/help/ssa_quotes.pdf>.

Tanner, Michael. "Social Security Problems Have Not Gone Away." March 2008. Cato Institute. 9 May 2009 <http://www.cato.org/pub_display.php?pub_id=9267>.
"The Social Security Act." n.d. ushistory.com. 9 May 2009 <http://www.u-s-history.com/pages/h1609.html>.
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