Invest the Social Security Trust Fund in US Equities

Discussion in 'Economy' started by CrusaderFrank, Sep 5, 2018.

  1. S.J.
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    S.J. Platinum Member

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    But do we really want politicians investing our money in the stock market? Investments would be driven by political objectives.
     
  2. DGS49
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    DGS49 Gold Member

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    It's difficult to say what such a huge infusion of money into the stock market would have caused, but it would have solved one unspoken PROBLEM that no politician is willing to address: If you die before collecting Social Security, then all your contributions go up in smoke. I will on Friday attend the funeral of a cousin/business owner, who died of cancer at age 62.

    Her benefits from all the Medicare and SS taxes she paid over the years: Bupkis.
     
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  3. caddo kid
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    caddo kid Silver Member

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    Coolidge failed to reign in 'margin trading' even at the behest of his economic advisers. Margin trading losses were one of the largest loss contributors during the October, 1929 crash. Coolidge also refused to approve regulations of brokers to keep them from selling shares for the purpose of driving up costs to lay investors.

    You sound pretty fucking ignorant too.
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    LOL. Keep dreaming. Such a fucking economic Illiterate. You sound like Krugman.

    Coolidge let the market reprice assets, liabilities and wages and ended a horrible post war recession in under 18 months and formed the base of the Roaring 20's. FDR couldn't hold Coolidge's jock strap.
     
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  5. caddo kid
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    caddo kid Silver Member

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    and you're likely the very dumbass that blames Obama for the Great Recession that was handed to Obama by GW Butt Head.

    Yeah; you got it goin' on. Sure.
     
  6. Votto
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    Votto Gold Member

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    Originally, the age to collect social security was set by FDR at the age most people die. That was the design.

    Then as people began to live longer, the government got less and less of it.

    It was designed so that politicians could steal from it, which they have done and continue to do.
     

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