Oddball
Unobtanium Member
What if **I** want to invest that 12% in a retirement plan of my own choosing?You trying to claim that confiscating over 12% of my pay -at gunpoint if necessary- doesn't have a crowding out effect of other savings/pension competitors, who would vie for that money?
Not at that rate and the retirement market history, no. It hasn't crowded anyone out of the market. Is it draconian and a bastardization of "retirement?" Sure. But it's not socialism. It's progressive intrusion.
Where's my choice in the matter?
Who speaks for the financial planners who may have had that money to work with?