We shall abolish Social Security and replace it with R.E.I.A.G

Ill give this a shot, im not going to sh*t all over it Im just going to show where this plan as of right now has many dire flaws "I) Everybody must be able to retire by 60"What if they cant though? With the longevity here in the US being 78 years now retiring at age 60 is pretty hard to do, so what happens if you cannot retire at 60, do you get left out of this program completely and be left penniless out on the street? what if you can retire at 61 why isnt that good enough, why 60 of all ages to pick to retire? The problem here is that right from the get go those people who cannot retire at age 60 could potentially leave millions of people out of luck when the time comes. "II) It must abolish Social Security and not become another form of it. "It has to abolish Social Security immediately? well then what happens to everybody over 18 right now then? what will happen to those people living off of social security right now if this plan was used and it shut down social security tomorrow? If we kill SS right now millions and millions of seniors will be left without a pay check and people who are 30, 40, 50, 60 would also be left with no option. How would this plan take care of those who are already on Social Security? Also how could it not become another form of social security when it already is, your taking tax dollars to fund a program that gives it to the elderly once they reach a certain age, and Social Security is the same thing so isnt this plan already a little like social security?"III) Everybody that is 18 must be able to enroll in it starting in 20__."what do you mean by "able to enroll" thats all I have for this thing for right now"1.) Each individual who turns eighteen starting in 20__ will receive Government investment accounts with 12,000 dollars.Since there are approximately 540,000 people who will turn eighteen in 20__, then nearly 54 Billion dollars will be needed to fund all these accounts. Either the 12,000 will come from the Government or from taxes."You say approximately 540,000 people will turn 18, but for this program to work for everybody the government would have to know exactly how many people are turning 18 and who all of these people are, how would this system do that? Also how does this system account for immigration? A person who came to this country when he/she was 19 would not have qualified for this system even if they come when they are 19 and stay here for 40 more years, would they get paid? if so how would the government take into account these late entrants?"2.) The 54 billion dollars would all be invested in the U.S. stock markets and would be divided equally among stocks. The money would be controlled by massive hedge funds regulated by the Government."Ok now we got some problems here. What happens if the stock market suddenly hits the crapper like it did in 1929 or 2008? Billions of dollars could be lost in a matter of days how would the government respond to that? Also who controls which stocks the government pours all of this money into and do you actually think they will choose the right stocks to do it? When Obama made his new energy plan for America, it included giving 500 million to a solar panel company named Solyndra because it was the best company out of all the others. Weeks later Solyndra was completely bankerupt and it was discovered that there were signs it was going to go under. Who controls which stocks the US pours our futures into, and who is going to run all of this? Te FED? Congress? Millions of us would like to know which agency would control our financial future"3.) Every person that reaches the age of 60 will have a total of 711,000(inflation adjusted) dollars in their Government investment account. They will be paid 54,000 annually from then on until their death. Upon the person's death, 711,000 dollars worth of stocks will be sold from the massive hedge funds and the money made will be given to the family or whoever the person dead designates to. "Ok I see a big issue here. $54,000 annually from a $711,000 account would give only enough funds to last 13 years, since people receive these funds when they are 60, that means these accounts will be completely empty by the time they are 73, yet the lifespan of Americans is 78 and climbing for MEN, women are even higher. So what happens if people who are just being healthy are now suddenly not receiving ANY funds by the time they are 74 years old? Some people live to their 80's, 90's, even 100's so in your plan they ALL would not be getting paid under this system.... "I got 540,000 eighteen year olds from taking the total number of 18-24 year olds In the U.S. and dividing it by six. "The age groups arent proportional though they may be slightly more 20 year olds than 18 year olds or slightly more 18 year olds than 20 year olds which may cause this system to be under funded for those in the system. Average stock growth per year is 10% (1)Average dividend yield is 3% (2)Average Inflation is 3.2% (3)Yes those are the averages, but those arent fixed rates and are subject to change, especially inflation. If these numbers change that would have a dire effect on the total funds in these accounts by the time the individuals in this system are 60..... All you need is a couple bad years of high inflation OR low dividends to cost individuals tens of thousands of dollars....."This will successfully abolish Social Security, strengthen the U.S. stock market, and essentially lower the wealth gap between the social classes. "What happens to those already in Social security though? I brought up before how the rate of payment out of these accounts only lasts 13 years and after that everyone will be broke, so people 80 years and up would now be without ANY payments. That would raise the wealth gap not lower it..... Putting billions and billions of dollars into the stick market doesnt make the system stronger, it just means that the system now has much more money to lose. Take 2008, more money was in the stock market than ever before but it wasnt strong, despite all the money in it the stock market went down the tubes at a time when there was more money in it than ever. " My plan IS changeable; meaning it can alter it to become workable again after being shown a flaw by con"Why would a "genius" plan need to be changed if it werent "genius"? If I show the flaws in it and you change it does my name get to go into this system? I will be keeping track of how many changes are made to this system and by round 3 I'll see how many flaws I will have exposed in this "genius" system. If the number of changes reaches a good amount then I would have met my burden of why Social Security shouldnt be replaced with a system designed by a 17 year old kid....