Social Security and Unemployment Reform

By making personal saving accounts to be funded by 5% of the income tax,we will create a stronger system, one which will encourage saving and not be dependent on ever more people paying into the system. By having personal savings accounts, which would grow tax free, and be inheritable we as a nation would be able to build wealth. By having the accounts be accessible for unemployment, people would be more apt to find a job quicker as the money they would be getting for unemployment would be their own. Any money taken out of the personal savings account, before retirement, or disability, would be taxed at 10% as 5% of the 15% goes toward funding this account.

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