WOULD YOU RATHER HAVE A FUTURE PERSONAL INVESTMENT ACCOUNT,instead of government ...

[Ed Spacer]

Heres the question,board.
would you like to continually be raped by imposed FDR grade communist personal redistribution tax called SOCIAL SECURITY,where the government can redistribute to illegal aliens,payments to alcohol and drug addicts,and self inflicted maladies...

Or...

PERSONAL FUTURE SAVINGS INVESTMENT ACCOUNTS,where only US CITIZENS are able to participate ELECTIVELY,not imposed,whereas the US CITIZEN has complete control of their financial future without disbursement or interferance from the government?

1.my proposal i have thoughtfully created grants the elimination of the SSA,and the general fund.At eighteen years of age,each us citizen will be advised of the creation of a future citizen investment fund account.

2.each account will be created based on each individuals SSN.thats the account number. And options are advised-
A.it will be a US TREASURY held money market account with an APY of 3%.

3.the citizen,having full control of their future,will have the option to either VEST or NOT VEST.
and,also...
the frequency,amount,and type of vesting deposit,which the citizen can change at any time.
after five years,any citizen can make a withdrawal,and start reinvesting.after all,citizens,not government,will have control.
after age 65,citizens are fully vested,abd can receive mobthly draws off their investment without limitation to any amount of privately earned income.

Do you like it?

 

[Lakhota]

I prefer both.

 

[Ariux]

There's no such potential option, in real life.

 

[Truthseeker420]

Yeah I want Wall Street theives controlling my SS money.

 

[Ed Spacer]

I,for one,am responsible for myself only.i will not pay for others,nor expect that for me. Its the power of choice,not imposed imperial force. Thats what a democratic republic is all about.

 

[Ed Spacer]

Obviously no ones reading this.
has nothing to do with freakin wallstreet.
its a personal future savings account.

 

[Truthseeker420]

I,for one,am responsible for myself only.i will not pay for others,nor expect that for me. Its the power of choice,not imposed imperial force. Thats what a democratic republic is all about.

So you're an anarchist?

 

[Ed Spacer]

Citizen controlled.

 

[Truthseeker420]

Citizen controlled.

What does that mean?

 

[Lakhota]

The average citizen knows very little about investing - and Wall Street knows that.

Social Security and Medicare are great.

 

[Ed Spacer]

This is the end of the entitlement society.
general fund will freeze.tax collect stop.
current recepients will be reevaluated.
any self inflicted case of disability will not be grandfathered.
grandfathered cases will have monthly benefits calculated to a ten year amount of those benefits,which will be deposited back into a future investment savings account for current beneficiaries with same monthly amount for the ten year period.
SSA will also be eliminated.
cases grandfathered will have the same new elective rules as new account investors.
evolution america,people.

 

[Ed Spacer]

Anarachy is a rebellion against the government.
learn your definitions correctly.

 

[Ed Spacer]

This also eliminates the need and cost of another useless federal FDR progressive government agency.
citizen controlled by electivity,not imposed,whereas the us treasury will simpky manage and hold these individual investment accounts.

 

[Ed Spacer]

$25 billion back to the us citizen out of the hands of the socialist powers that be.

 

[starcraftzzz]

Considering the fact that government Social security results in me having more money to retire with I'd go with SS.
http://tcf.org/media-center/pdfs/pr46/12badideas.pdf
^Privatized SS in Chile and UK resulted in administration cost increasing by 13-20 times.

You’re in good hands with Social Security: But Privatization Proposals Would Unravel Its Ability to Insure Against Loss of Income, Disability, and Death | Economic Policy Institute
^SS keeps 39% of the elderly out of poverty
^SS returns are 26% higher than private alternatives

 

[Truthseeker420]

$25 billion back to the us citizen out of the hands of the socialist powers that be.

Are you for the socialist military? or the socialist oil welfare? or for the socialist bank welfare?

 

[Ed Spacer]

Nope.
thats why ill eliminate entitlements.thats socialism.
socialism=government controlled.
democracy=people controlled.
learn your definitions correctly,and dont turn from the op.
obviously youre not capable of debating my presentation.

 

[Ed Spacer]

Obviously youre not schooled in the proper terminology.
i suggest using wikipedia or websters dictionary.

 

[Political Junky]

Obviously no ones reading this.
has nothing to do with freakin wallstreet.
its a personal future savings account.

Of course it has to do with Wall Street. Who do you think will control your money when SS is privatized?

 

[theDoctorisIn]

Obviously youre not schooled in the proper terminology.
i suggest using wikipedia or websters dictionary.

This is the funniest post I've seen all day.