The Social Security Challenge

Wow. Seems like we all have good ideas about Social Security. Here's my challenge (it'll be fun!). Let's see if we can reach total agreement on reforms to Social Security. Then, we can put that in a letter to our Senators and Reps as a bipartisan, reasoned solution.

My, list, taken from the one you all seemed to agree with:

1. Raise income level for SS Tax to $200,000 but create a bottom cap of $35,000.
2. In conjunction with point 1, lower the SS Tax rate by 1%.
2. Tax incentives for employers to supplement employee's personal 401Ks.

Your turn.

UPDATE: Colorado already enacted a property tax exemption for seniors: http://www.co.teller.co.us/Assessor/SeniorExemption.htm