The fundamental issue with Social Security and other entitlement programs is the narrative that must be changed in our public discourse: we can all pay collectively to assist the weakest among us, or we can continue to give benefits to everybody, needy or not, at the expense of our children's future.
The unintended consequence of entitlement programs is more control of our lives by the Federal Government. This will eventually lead to socialism, the very system that we have been fighting for over 60 years. However, by reframing the narrative and making these programs a social contract between generations rather than entitlements, this problem can be resolved over the long run.
- We shall require all earnings to be subject to the Federal Insurance Contributions Act (FICA) tax, also known as Social Security Tax, while retaining the cap for benefit purposes at Taxable Earning Base (Taxable Earning Base is the maximum amount of earnings subject to FICA tax).
- We shall increase the Social Security retirement age to 70.
- We shall allow Medicare to compete with private insurance companies for paid subscribers.
- We shall ensure that the elderly live with dignity and the poor have opportunities to work.
- We shall transfer Medicaid and other SNPs' responsibilities to the states and local governments and decrease the federal tax rate proportionately.
- We shall encourage Medicare to incentivize its subscribers to reduce cost by utilizing Smart Patient Credits.
- We shall allow Medicare to negotiate prices for drugs or any other products and services.
- We shall use the Healthcare Blue Book to reimburse healthcare providers.