In his recent meeting with the Herald Editorial Board, and according to an article in the Oct. 22 Herald, Congressman Vern Buchanan said that seniors now live longer and that the Social Security system was created when people "died younger." Flash to the congressman: That is no longer the case.
In fact, he knows our ranks are beginning to swell with baby boomers. Our ranks will continue to expand for decades as America's population ages. Advances in medicine mean increasing numbers will live even longer.
Congress cannot stop relentless demands on the spending side of these programs. They have an opportunity this year, though, to put our economy on steroids -- to make Medicare and Social Security solvent through increased revenue.
Mr. Buchanan is Florida's only member of the U.S. House Committee on Ways and Means. Its chairman has vowed to overhaul our nation's tax system during this legislative session. Therein lies the hope for us and, not coincidentally, all mankind.
That committee holds the power to restore our economy. It can make us the model for other countries to emulate, and thus restore their own tattered economies.
Picture this. Every worker taking home his or her entire pay check. The IRS gone, extinct. American products able to compete overseas minus the heavy tax burden they now bear. This country attracting companies around the world to move their headquarters and manufacturing here. Jobs! Jobs! Jobs!
All this can be done, and the government funded, too. The effective tax rate for those in poverty could be zero. For the middle class 11 to 16 percent. The wealthy would pay their "fare share."
Call the Congressman. Tell him to co-sponsor HR 25, the FairTax, and to vote for it in his committee. Educate yourself and others by going to www.FairTax.org.