The USA Plan will achieve this goal by a simple change to the way we allocate the annual $1.2 Trillion in payroll tax receipts collected by the government.
Every worker pays a 15.3% payroll tax called FICA, which breaks down as follows: Social Security, employee pays 6.2%, employer pays 6.2%. Medicare: employee pays 1.45%, employer pays 1.45%.
The USA Plan merely shifts the 15.3% in FICA taxes from the Social Security and Medicare Programs to each taxpayer’s own personal Universal Savings Account. Making everyone a millionaire when they retire.
Be advised, the USA Plan is not an attempt to privatize Social Security or Medicare. The USA Plan retains these programs in their present forms.