- Sal Rabah
- Boca Raton, FL
- United States
manager, The New Social Security
This conversation is closed.
The New Social Security is a position paper on moving toward a fairer society via leveling the value of contributions of individuals.
To make the transition from a currency system to a hour system we can rely on an existing system currently in use to track hours worked. Currently, during your working years, earnings covered by Social Security are posted to your Social Security record and you earn credits based on those earnings. Using time as a measure of one’s earnings over currency can be an easy transition. Hours are already being recorded by employers. Who then report those hours to the Social Security Administration (The SSA). The SSA currently measures the amount of time in credits to determine eligibility for social security. Therefore, little needs to change to effect implementation of a record keeping program for validating hours accomplished. There will have to be some changes within the SSA to account for a frequent reporting system to a (newly proposed) Fairness Review Board. We may also need to alter the unit of measure as needed for frequently identifying compliance with work hours. But there is no need for me to get into that much detail here at the moment.
See the full position paper here: http://wp.me/p27AbZ-7