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Idea to send: |
| Topic | mandatory retirement investment |
| Content | Oklahoma has a wonderful opportunity to invest in its own economy.
With job growth outpacing the national average and the opportunity for more growth in the private sector, Oklahoma has the ability to invest in its future and individual retirement.
I havn't crunched the numbers I should have before writing this, but there is an obvious problem with the nations social security program. To have a mandatory 2% taken out of each paycheck and reinvested across the board in the Oklahoma private sector would create a economic climate/culture of continual growth and outside interest. The money can be kept in a box much like that of many other retirement accounts and investment programs. The account can be cashed out to those 60 years of age untaxed (capital gains tax would be moot) or used for heathcare if health insurance is not owned by the individual.
This is obviously a rough idea and would have several hundred pages of details, but something needs to be done about retirement and health care. This is a viable option while also investing in the states economy.
This would help development, attract new business, and create a form of senior retirement option when social security forms its own defecit in 20 years. |
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