What other proposals exist to reform Social Security. There are currently 20-25 detailed plans to reform Social Security. Many interested groups are focusing on this issue. The answer is to set set a new standard of living. Open the opportunity for all Americans to have two sources of income - income from wages and income from capital.
Most people understand money received from wages.
This is the primary source of income. But money makes money. Individuals who own capital and property expect income from the capital they own. Therefore, owning capital is a second source of income. The goal is to open the opportunity for all Americans to become savers.