Friday, April 24, 2020

Social Security Problem Essays - Price Indices, Social Security

Social Security Problem Nature of the Problem Social Security is not a problem right now; in fact, it runs a large surplus every year. However, Americans are living longer, and drawing more Social Security payments than they ever put in. Early in the next century, we will be paying out more than we take in, and Social Security will have to dip into its surplus, which is currently used by the federal government for other spending. When the last of the baby boomers retire, the payroll tax would have to almost double to maintain benefits. This creates an undue burden on Generation X-ers, and solutions need to be found to prevent this from happening. II. The Solution * Citizens should be given a choice on whether or not they wish to invest their own Social Security funds in a high-yield bank account, or the stock market. Right now, the average American has withdrawn all he has put into Social Security within 7 years of retirement. This forces the everyday worker to support those currently on Social Security with his payments. Whoever is still in the work force should be given the opportunity to do with their money as they see fit. If someone feels that they are unable to invest wisely in the stock market, there are other options available. For instance, and perhaps the simplest, is to invest the funds into a money-market account, which will on average receive 1-1 1/2% more interest than a traditional savings account. From the time the average American starts working - say 16 or 17 - till the time he retires, there will be a lot of money that has accumulated in this account. Another option is a tax-sheltered annuity. This is an option available to anyone - as long as they have an investment broker - to take a certain amount of money from their paycheck, tax free, and have it invested and re-in! vested in stocks and bonds. It can be cashed out at any times. Many banks offer tax-sheltered annuities for a moderate commission. The last, and most risky option, is to invest the funds in the stock market. This is done preferably for national security reasons. For instance, if the government bought stock in mass quantities, a bull market could be created, and the market could crash, and the government could potentially lose billions of dollars. However, every American is not going to invest in the stock market, and those who do are not going to buy the massive quantities of stock that the federal government would. This would provide a lot more safety for those investing, and if the market did crash, citizens could not sue the federal government for the loss of their money. * Retirement age should be raised to 70. When Franklin D. Roosevelt created Social Security amidst the Great Depression, the average American could only expect to live to the age of 60. The retirement age was set at 65. So on the average, most people never would live to collect their Social Security. Today, the average American can expect to live to the age of 76. That is a huge life expectancy change, and Social Security policy should be changed to reflect it. By setting the retirement age at 76, we are giving our average senior citizen 6 years to enjoy his retirement, while policy makers of the past gave him -5 years. This should take effect by the fifth fiscal year after its passage in Congress. * Adjust the CPI by -1.1% Right now, the CPI (Consumer Price Index), which is used to measure the level of inflation, overestimates inflation by 1.1 percentage points. Since the CPI dictates how much Social Security payments must increase throughout the year due to inflation, any over-estimation would cost the government billions of dollars. By reducing the CPI by 1.1%, the federal government would save $1 trillion over 12 years. * Means-Test Social Security Social Security is an entitlement program, which means that government funds are automatically provided to people that meet certain criteria. Social Security is an entitlement program in that anyone over the age of 65 qualifies, regardless of their income. 40% of retired persons depend on Social Security as their only means of income. However, people like Ross Perot, and Bill Gates, and other multi-millionaires, are eligible for social security. What means-testing refers to is that if someone did not need Social Security, they would not be eligible to get it. Those who can support themselves through retirement at $50,000 a

Wednesday, April 15, 2020

Middle School Essay About Challenge Sample

Middle School Essay About Challenge SampleBefore you write your essay about challenge in middle school, you might want to read the essay sample and see how to structure the topic. You might want to get a little advice from it if you are not sure of how to write a middle school essay about challenge. You can get a better idea of how to construct your own essay by reading this sample essay.Middle school is an important part of your educational life, but it also can be very stressful. Writing essays about this subject is especially challenging because of the format and structure that middle school students typically face. As you read the middle school essay about challenge sample, you will quickly notice that the topics of homework and problem solving are the focus of the essay. While many essays contain topics such as math, science, and literature, they do not focus on them as specifically as the middle school essay.There are several ways to go about writing a middle school essay about challenge. You could start with an essay about homework and problem solving. Write an essay about how the student's homework has helped them to learn and grow. Do not spend too much time on the homework and problems. Instead, give emphasis to what the child has learned through their homework and how they have used that information.If you choose to write an essay about challenge in middle school, include personal experiences and opinions in the essay. Even though personal experiences will help, you should choose a topic that has some general acceptance or common opinion. You can use the essay to support a cause. You can also use it to offer praise for a classmate. Just do not end up talking about you.In your middle school essay about challenge, you must include a short paragraph about each child's opinions on the issue. There should be no personal attacks, name calling, orname calling of one child or another. The essay should provide facts that can be researched and verified by the parent or school administrator.In your middle school essay about challenge, the focus should be on how each child has dealt with the challenges. They should mention the ways that the challenges have helped them learn and grow. In addition, the essay should describe how they took the challenges and solved them. It is very important to provide a detailed description of each event. However, do not discuss all of the issues in detail.Many people are surprised to find out that essays about challenge or challenging in elementary school can be just as challenging as those in middle school. The same rules apply to all students. Do not attempt to make too many connections between one event and another. Keep it simple and factual so that the essay will be accepted and understood by the students.Use the middle school essay about challenge sample to get tips and guidelines on how to write a middle school essay about challenge. Take note of all the factors that are discussed in the sample essay and you will be able to use the tips to write the type of essay that you need to write.