bripat9643
Diamond Member
- Apr 1, 2011
- 170,170
- 47,328
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Yes, Chile's Private Pension Model Works, Big Time
"Pensions: In Chile, a major study shows the nation's private retirement accounts provide workers pensions worth 87% of their salaries, 73% of that from profits on savings. So much for the canard about the perils of markets."
Chile: using free enterprise. If only we were as open to free enterprise as Chile
If Only
Wait for Dad2three to be all over you with a bunch of bullshit propaganda claiming the Chilean system is worse than Social Security.
I wonder if right wingers on here would be happy with (based on the Chilean pension plan) they were MANDATED by the government to put in TEN PERCENT of their salary......LOL
We're already mandated to put in 14% of our salaries to the world's biggest Ponzi scheme.
The moron above pulls "facts" out of his ass.....Maximum contribution for SS is 6.2%.....and that is ONLY up to the first $117K.
(I am sure that right wing morons are pulling state, county and city taxes into the mix because.....well, because they're morons.)
The so-called "employer contribution" is another 6.2%. Only numskulls like you believe that doesn't come out of your salary.