Boss
Take a Memo:
- Thread starter
- #601
No, putting Social SECURITY onto the whims of the marketplace is not a good idea.
I didn't say anything about "whims" idiot. Pay fucking attention and let me educate you....
Historically, you can look at the US Stock Market over the course of ANY 40-year period and the value of stock increases. Doesn't matter if there are recessions or even Great Depressions, the stock market always rebounds. Had someone age 65 today invested in the stock market the money they had contributed over their working life, they would now be worth well over a million dollars. Instead, they face retirement with a system at risk of not being able to even pay their meager benefits. When they die, their family gets $212. It's a giant fucking Ponzi Scheme and always has been.
Now, in terms of a national retirement package to replace social security, you would have relatively safe stock bets, nothing too risky and everything would be backed and insured by the government. It wouldn't take much to do this, it would be markedly better than the current arrangement, the only difference is it would sustain itself forever and it wouldn't allow the politicians to pilfer the resources as they do currently. It would also give you a tangible ASSET... something of VALUE... not a "benefit" that ends when you die.
But apparently, you've now gulped down the Big Government Establishment Kool-Aid and no one can reason with you about this. You'd rather just turn your money over to the government and hope they'll take care of you when you're old.
Pathetic!