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Third Party

Third Party policies will always be (1) mainstream rather than "moderate", (2) reasonable, (3) fair, and (4) practical.

Retirement Income Bounty

The Problem

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The government simply cannot afford to pay retirement benefits such as Social Security's Supplemental Security Income (SSI) and government pensions.  However, we the people can put our minds together to find sustainable, privatized alternatives to government retirement income, in the form of PASSIVE income.
 

The Ugly Truth

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There is a deep and growing generational divide over SSI and government pensions.  Too many young people (aged 16-50) resent having to pay for older people's government retirement (SSI and government pensions).  Alternatively, too many older people (aged 50+) simply don't care that young people bear the burden of paying part of their retirement.  Moreover, as more young people become financially literate, they may see SSI as a Ponzi scheme where seniors benefit at the expense of the young, and thus demand the immediate termination of SSI, to the detriment of seniors.  Folks, this is the ugly reality of SSI and government pensions, and the divide will likely only get worse. 

 

The Solution


The Retirement Income Bounty, or RIB, is a government program that offers a cash reward to bounty hunters who swap retirees' government retirement income with PASSIVE income from the private sector for 1 full year.  As a reward, the government retirement income redirects to the bounty hunter instead of the retiree for 1 year only.  At that point, the retiree will permanently forfeit their government retirement income, thus taking themselves off the government's balance sheet.  And yes, the retiree must volunteer to participate in the program, no exceptions.

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The Social Contract

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Third Party does NOT support forced, involuntary termination of government retirement income, only voluntary forfeiture of such benefits.  However, Third Party is not the people and we foresee a movement by young people to terminate government retirement income to the detriment of those who were promised, by the government, certain financial securities.  So what can Third Party do?

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Third Party is committed to assigning the best RIB Bounty Hunters to any and all seniors who want one.  This is a social contract between Third Party members and seniors, Third Party will assign our best bounty hunters to seniors to ensure they have the highest financial security the community can supply.  This is not a legal contract, but a social contract for which the entire world can hold Third Party accountable.  We want to be leaders in helping seniors secure retirement income that is not subject to the whims of politics.

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How can I become a RIB Bounty Hunter?

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You can learn how to become a RIB Bounty Hunter by joining the RIB Bounty Hunting 101 course for free.  The course shows but 1 example of how to be a successful bounty hunter, and should inspire different methods as well.  Read on for more examples of how to one might earn RIB bounties.

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Supplemental Security Income Example

Bob receives $1,500/mo from Supplemental Security Income (SSI), part of the Federal Social Security program.  Bob wants to ease fellow American's tax burden and doesn't care how he gets $1,500/mo of retirement income as long as it's consistent.  So Bob volunteers to join the RIB as a retiree.

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  1. Bob joins the RIB Program as a retiree

  2. Sally is friends with Bob and she recently completed the RIB Bounty Hunting 101 course.  So Sally will become Bob's bounty hunter.

  3. Sally helps Bob privately earn $1,500/mo in PASSIVE income for 12 consecutive months

  4. Bob submits validating documentation of Sally's RIB bounty eligibility

  5. Sally receives the $18,000 bounty for helping Bob privatize his SSI income ($18,000 = $1,500/mo x 12 mo)

  6. Bob will never receive any more SSI benefits, but will likely receive $1,500/mo in PASSIVE income thanks to Sally's help.  Bob and Sally have slashed tax costs by 91.6% or $198,000. ($198,000 - the additional 11 years of SSI payments, on average)

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Government Pension Example

Hillary receives $10,000/mo from her public school teacher pension.  Jason, her financial advisor,  is confident he can match her pension with passive income, and they both agree to join the RIB program.

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  1. Hillary joins the RIB Program as a retiree (government pension recipient)

  2. Jason joins the RIB program as a bounty hunter for Hillary

  3. Jason helps Hillary earn $10,000/mo in PASSIVE income for 12 consecutive months via his financial advising services

  4. Hillary submits validating documentation of Jason's RIB bounty eligibility

  5. Jason receives the $120,000 bounty for helping Hillary privatize her government pension ($120,000 = $10,000/mo x 12 mo)

  6. Hillary will never receive any more pensions for being a public school teacher, but will likely receive $10,000/mo in PASSIVE income thanks to Jason's help.  Hillary and Jason have slashed tax costs by $120,000 per year for the rest of Hillary's life.

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"Double Dipping" Example

Bill is a retired Republican Congressman who is financially savvy and hates taxes.  He receives a government pension of $139,200/yr or $11,600/mo (as a retiree of Congress).  He also receives $1,500 in SSI benefits (part of Social Security).  Bill, being financially savvy, will pay himself for reducing tax payer's tax burden.

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  1. Bill joins the RIB program as a retiree (for his Congressional pension)

  2. Bill joins the RIB program a second time as a bounty hunter for his very own retirement, this is the "double dipping".

  3. Bill, being financially savvy, earns $11,600/mo in new PASSIVE income through the private sector for 12 consecutive months

  4. Bill submits validating documentation to the RIB to prove he is eligible for the RIB bounty

  5. Bill receives the $139,200 bounty for helping himself privatize his Congressional pension ($139,200 = $11,600/mo x 12 mo)

  6. Bill will never receive any more Congressional pensions, but will likely receive $11,600/mo in new PASSIVE income by "pulling himself up by his bootstraps".  Bill stays true to his commitment to reduce taxes by saving tax payers $139,200/yr for the rest of his life.

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But wait, there's MORE

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  1. Bill joins the RIB program as a retiree, this time for his SSI benefits

  2. Bill joins the RIB program as a bounty hunter, to privatize his own SSI benefits

  3. Bill earns an additional $1,500/mo in PASSIVE income through the private sector for 12 consecutive months

  4. Bill submits validating documentation to the RIB to prove he is eligible for the RIB bounty, again

  5. Bill receives the $18,000 bounty for helping himself privatize his SSI benefits ($18,000 = $1,500/mo x 12 mo)

  6. Bill will never receive any more SSI benefits, but will likely receive $1,500/mo in PASSIVE income through his own financial savvy.  Bill yet again stays true to his commitment to reduce taxes by slashing tax costs by 91.6% or $198,000. ($198,000 - the additional 11 years of SSI payments, on average)

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In total, Bill earned $157,200 in RIB bounties by privatizing his own SSI and Congressional pension.  And he could still be a bounty hunter for countless others.  Bill is smart.

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