Senator Landon pondered it carefully for a long time before understanding part of the trick, but soon he had a new question.
"Mr. Lin Qi, after the Social Security System Reform, people will have to pay two cents..."
"Won't this cause new social problems?"
To these congressmen and federal politicians, two million people were already a major problem, let alone a new system involving roughly ten million laborers from the lowest social classes!
He did not know much about the proposal the Socialist Party was submitting, but he had read through the details of the Social Security System Reform many times. He knew that the current system had been split into government and corporate responsibilities.
Now that the government responsibility required such a large contribution, what about the corporate responsibility...? What should be done about it? Would it create an even heavier burden?
Lin Qi nodded, then shook his head. "The reform of the entire Social Security System is still constantly being explored and improved."
"From the current situation, the problem actually isn't too serious. There are even aspects that have been eased."
"You have to consider one other point. You give the money to the company, but the company actually subsidizes part of it for you as well."
"In other words, companies provided some subsidies in the past too, but now those subsidies have been separated from the whole and added directly to the portion borne by the companies."
"Judging from the pace of our current reform of the overall security system, people's spending in this area will increase by roughly five to ten points of their income compared with the past. There's a great deal of flexibility here."
"But while the contribution period is shorter and the total amount is lower, the actual rate of return will increase."