Right. With this little gem.
But, you see, you didn't address my concern. Because if a generation of retirees get their retirement accounts wiped out in a stock market crash, they will either retire with no money (not good for the economy) or they won't retire until later, which will keep younger workers from getting jobs (not good for the economy).
Again: You are responsible for you. Whatever choices you may have made, and whatever the results of those choices, they were -your- choices. If your choices led you to retiring later or with less money, the oly person responsible for that is you, and you have no right to expect others to make up for that.
And so, rather than force -other- people into a condition of involuntary servitude to make up for poor choices, we hold people responsible for those choices and force them to mke do with the results of those choices the best that they can.
Now, you -always- have the option to give to charity to help others - but that's YOUR choice.
Ok. You're clearly very, very confused. So let me break it down more.
Assume SS goes away. People have their 401ks, IRAs and Pensions, all of which invest in the stock market. The market crashes, like in 2008, and everyone loses 50% of their retirement account, like in 2008.
Are those people responsible for their retirement decisions? Yes. Absolutely. We all agree on this. No one but you seems to be arguing that.
Now that that is cleared up, what will these people do? They have two options. 1) Retire poor, or 2) Wait to retire. Again, whatever decision they make they are responsible for, no one is disagreeing on that.
Both options are terrible for our economy. Option 1 results in a generation of retirees with very weak purchasing power, which is not good. Option 2 results in workers not retiring and therefore not opening jobs up for younger workers.
Ok. Now that you know what we're talking about, here comes the question.
How should the Government and the Country handle this hit on our economy?
Wait .. wait ... remember, no one is arguing responsibility. Just a practical matter of how do we handle the hit to our economy.
Good luck.