there are two other benefits that I would like to point out in this plan. If there is a 20-year-old today and he started putting money into this plan and his account grew and at age 45, for whatever reason, something happened, he is married, he has got a couple kids, and he dies, whatever money is in that account is passed on to his spouse or his kids. It is his money. It does not go anywhere else. It is his money. It would literally be passed on to his spouse. The other wonderful thing in this plan, as far as I can see, is that it makes each and every American citizen tied into helping us control Washington spending. Because, as both of my colleagues have mentioned, if this spending goes back out of control like it was when we got here, there are not going to be any surplusses. The key here is keeping that spending under control. If every American citizen is getting a piece of that surplus, like my brother says, pension and profit sharing, if every American citizen is tied into that surplus, we will quickly get their support to help us keep Washington spending under control. To me, that is what government should be all about. It should be all about the American people being actively involved in the decisions we make. They will provide the impetus necessary for us to keep this spending under control.
Mark Neumann: “there are two other benefits that I would like to point out in this plan. If there is a 20-year-old today and he started…”
Editor's note · Context
Discussing the benefits of a financial plan related to government spending and citizen involvement.
Share
More from Mark Neumann
the laws changed in 1983. In 1983 they increased the amount of money that was withheld from workers' paychecks because they knew the baby-boom generation was going to get to retirement. And the idea was, by increasing the amount withheld…
help me understand why it is that, as a taxpayer sends their money to Washington, and Washington decides how to best provide education for those kids back home, what exactly is it in the water out here or what is out here that makes us…
It passed without a single, solitary Republican vote. I am sure the gentleman from Michigan remembers what I am talking about here. It is the biggest tax increase in American history.
And I think that is the point of this whole discussion. We can do tax cuts without touching the Social Security money. There is absolutely no reason in the world that this government should take the money coming in from Social Security and…





