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April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review December 16, 2013 / 13 Teves, 5774

Give low-income earners exit from Social Security

By Star Parker




JewishWorldReview.com | A new study just published by the National Institute on Retirement Security - "Race and Retirement Insecurity in the United States"- presents a dismal snapshot of the state of retirement savings of minority American families.

It reports that 54.3 percent of blacks work for employers that offer retirement plans compared to 62.3 percent of whites. And 43.9 percent of blacks participate in those plans compared to 53.9 percent of whites.

Among Latinos, 37.8 percent work for employers with retirement plans and just 29.7 percent participate.

Only 37.9 percent of non-white Americans have assets in a retirement account compared to 63.4 percent of whites.

And the mean amount of retirement savings held by black households is $20,132, by Latino households is $17,600, compared to $111,749 held by white households.

Many, usually those on the left who claim to represent the interests of low income Americans, say the answer to retirement security for minorities is Social Security.

But Social Security, a demonstrably bad deal to begin with, is broke.

Log on to www.socialsecurity.gov/estimator/. This is the Social Security Administration's calculator where you can estimate your retirement benefit.

The site warns that the benefit estimate it reports for you may be different from what you actually get for various reasons, including "...by 2033 the payroll taxes collected will be enough to pay only about 77 cents for each dollar of scheduled benefits."

In other words, the Social Security Administration has announced to all Americans now in their forties and younger, who will be retiring in 20 years or more, to expect only a little more than 75 percent of their promised benefits.



Year after year our brave politicians in Washington, who will claim they are looking out for us, hide from this huge problem affecting almost every working American.

They hide because it is hard. If payroll taxes, as the Social Security Administration indicates, are almost 25 percent short to pay required benefits, then taxes need to be raised by almost 25 percent to make up the difference.

What politician is going to propose this? Other options are to cut benefits paid or to raise the age at which they can be collected.

Another possible outcome, so typical of what we can expect from Washington, is to "means test." That is, leave everyone paying taxes, but remove benefits for those above a cut-off income level.

This would essentially turn Social Security into a welfare program.

The bottom line is that minority Americans, who on average constitute our lowest income earning Americans, get the worst deal of all. They don't have extra resources to put in a wealth building retirement account. And the resources they do have are taxed into a Social Security system that pays out a poor benefit which in another 20 years won't even entirely be there.

End the tyranny. At least give low income Americans the option to get out of the Social Security system. Allow them a choice to take their payroll tax and invest those funds to build their own retirement account nest egg.

Conservatively invested funds over a 45-year working life can produce savings that will pay retirement income several times greater than Social Security benefits.

Over thirty years ago, workers in Chile were given the option to opt-out of their Social Security system. A recent report from a Chilean consulting firm, Dictuc, indicates that private accounts in Chile payout retirement income equal to 87 percent of what workers were earning before retirement.

Today's Social Security benefits, even forgetting about the upcoming shortfalls, don't match 50 percent of pre-retirement income

Let's help solve our national dilemma and also give low-income wage earners freedom and dignity and a chance to build wealth. Give them the option to get out from under Social Security and save in a personal retirement account.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Comment by clicking here.

Star Parker is an author and president of CURE, Center for Urban Renewal and Education.



Previously:


12/09/13 Obama agenda promotes unfairness
12/02/13 The dishonest selling of Obamacare
11/25/13 The fatal conceit of Obamacare
11/18/13 Ready for some real hope and change or: Or, How the GOP will squander an election
11/11/13 Sadly, yes, Republican Party still has not learned lessons necessary to reverse setbacks of recent years
11/04/13Ted Cruz and Ben Carson, a 2016 dream team
10/28/13 Marriage and abortion are economic issues
10/21/13 Conservatives, change tactics but don't retreat
10/14/13 Budget crisis has its roots in erosion of values
10/07/13 'Hostages' of a system that works perfectly
09/30/13 Compromise in politics? No, confront
09/23/13 Ted Cruz isn't abnormal; Washington is
09/09/13 Our moral leader? Obama's actions undermine his stance
09/02/13 To build black wealth, change policies
08/26/13 March on Washington 2013 brings liberal distortion
08/19/13 Pastors must take back civil rights movement
08/12/13 Somehow those who brought us tthe ObamaCare nightmare are the moderates?
08/05/13 History will record that those who refused to 'compromise' today were not only stubborn but visionaries
07/29/13 A magnificent economic miracle has occurred during Obama's presidency
07/22/13 Free to succeed or: Stop picking on Wal-Mart!
07/15/13 Ex-Dem can express what GOP, U.S. need
07/08/13 Confused country: That place called America
07/01/13 Same-sex marriage is war on religion
06/24/13 Abortion: We're still having a hard time with words
06/17/13 Why 2 black Republicans switched parties
06/10/13 Kill Social Security before it kills our seniors
06/03/13 This Lady Liberty hails from New England much to libs' dismay
05/27/13 Suffering indignities from the party I embraced 25 years ago
05/20/13 The ultimate 'pro-choice' irony
05/13/13 Mark Sanford, welcome back to Washington
05/06/13 Planned Parenthood targets black women
04/29/13 Killer instincts: Seniors beware
04/22/13 Philadelphia abortion monster isn't an exception
04/15/13 Making Ben Carson cry 'Uncle' . . . Tom
04/08/13 Gang of 8 illegal alien proposal makes a bad situation even worse
04/01/13 Ending the enforcement of government-funded brainwashing
03/25/13 Pay attention, America, to the pathology for which low-income minority Americans are paying the dearest price
03/18/13 Let Israel trip open President Obama's eyes
03/11/13 The problem are the nuts, not the 'gun nuts'
03/04/13 P reserve gun rights, save black rights
02/25/13 Is the last line of Republican resistance to ObamaCare disintegrating?
02/18/13 Presidential Medal of Freedom winner owes Obama no apology
02/11/13 Does the Republican Party have a future?
02/04/13 Push for gun control misplaces blame
01/28/13 How the GOP can help destroy America
01/21/13 Are MLK's Christian values welcome today?
01/14/13 Roe v. Wade, 40 years later
01/07/13 D.C. is de-tached . . . from reality
12/31/12 Blacks are NRA's natural constituency
12/24/12The lesson of Newtown isn't guns. It's that there are social truths as well as individual truths
12/17/12 We must fight to restore America
12/07/12 Wonderful, innovative, compassionate --- and irresponsibly wrong
12/03/12 The Republican Hispanic challenge
11/26/12 A society in decline: Our definition of marriage should follow process, not principle?
11/19/12 Leadership is about identifying the truth, believing it and telling it in a way that people can grasp
11/11/12 How conservatives can win over blacks and Latinos
11/05/12 Racial divide has worsened under Obama
10/29/12 How trillions are poured down a black hole
10/21/12 Missouri Senate race model for the nation
10/15/12 On the road to 'death panels'
10/08/12 Why the Obama bubble still hasn't burst
10/01/12 To promote freedom abroad, practice it here
09/24/12 A time for truth, not word games
08/20/12 America ready for Paul Ryan's adult conversation
08/13/12 Our economic crisis is a values crisis
08/06/12 Black pastors press Democrats on gay marriage
07/30/12 Is Christianity now un-American?
07/23/12 Entrepreneurs, not politicians, build the nation's prosperity
07/16/12 The new American food stamp plantation
07/09/12 In search of conservative leadership
07/02/12 Light v. darkness in racial politics
06/25/12 Republicans missing chance on education
06/11/12: Raise levels of personal responsibility, not the minimum wage
06/11/12: Free societies soon won't be free if its citizens see freedom as something that should be of responsibility
06/04/12: Americans have become decidedly more pro-life
05/28/12: Booker's comments about Bain, capitalism should not surprise
05/21/12: Obama forcing blacks to make hard choices
05/14/12: Fairness? The struggle in our public spaces is about competing worldviews, not neutrality
05/07/12: Morality and economy are separate universes?
04/30/12: How to keep the poor poor
04/23/12: Obama's real 'stay-at-home mom' problem
04/16/12: Obama makes foul call for economic 'fairness'
04/09/12: GOP's black, Hispanic problem
04/02/12: A wakeup call to a nation still sleeping through a crisis
03/26/12: Supremes to confront new, energetic efforts to undermine the principles upon which this nation stands
03/19/12: Republican race is just getting started
03/12/12: Contraception flap 'defines deviancy down'
03/05/12: Breitbart's final message to the Left
02/27/12: Support for Santorum will grow despite attacks
02/20/12: Libs' recent victories fuel Santorum surge
02/06/12: Memo to Mitt: Whole nation is on government plantation
01/30/12: Obama's vision puts America last
01/23/12: Court ruling on ultrasound law worth celebrating
01/16/12: Capitalism on trial
01/09/12: NAACP plantation masters play race card again
01/02/12: Youths' support for Ron Paul is misplaced
12/26/11: In search of an ambiguous conservative leader
12/19/11: Thank U.S. troops, notably wounded warriors
12/12/11: Land of the envious and home of the victim
12/05/11: Payroll tax ‘cut’ is another welfare scam
11/28/11: Pray every day that America does not lose its way
11/21/11: We're ignoring the Constitution
11/14/11: The central issue of our time will define the 2012 presidential election
11/07/11: Separation of . . . morality and economy?
10/31/11: Every American should listen to Paul Ryan
10/24/11: Disrespect for life and disrespect for property go hand in hand
10/17/11:The right argument for Cain
10/10/11: Occupy Wall Street: More from the culture of narcissism
10/03/11: Why so many blacks continue to fail
09/26/11: So many GOP debates, so few candidate revelations
09/19/11: The the last vestige of the triumph of hope over experience is throwing itself a party. They'll be passing out palms-up portions of pity, but few solutions
09/12/11: I'll defend Perry on Social Security Ponzi scheme
09/05/11: Marco Rubio's Courageous speech
08/28/11: The Steve Jobs/Martin Luther King Jr. Connection
08/19/11: Blacks' dilemma with Obama





© 2013, SCRIPPS HOWARD NEWS SERVICE

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