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FACT CHECK: Closer look at Cain's retirement model

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Bass v 2.0

Bass v 2.0

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The changes mean Chile's system is hardly the private plan it was billed to be: Two-thirds of all pensioners now get some kind of government support, which both increases taxes and enables private companies to profit more from government revenues.

Cain is a retard who panders to the white and rich, not to all Americans.
 

driveby

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oh neat....
 

C_Clayton_Jones

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The logical response to the thread title is: ‘He has none.’

In essence, however, thatÂ’s the case:

So why are so many Chileans unhappy?

Many complain of commissions and fees that have added up to nearly 15 percent of their contributions, according to the International Association of Latin American Pension Fund Supervisors.

The system's regulators say people who start paying the legal limit every month at age 25 can retire on 70 percent of their working salary. But that's not common. The average payout is $351 a month, just 36 percent of the average working wage, said Gonzalo Cid Vega, a pensions expert with Chile's Center for National Studies of Alternative Development.

"We created a private system with good intentions, but when a person retires, they become poor," Cid said.

So a similar private plan would be a failure in the US as well.

Any reform of Social Security must be done in the context of preserving the original intent of its creators, and that has noting to do with ‘privatizing.’
 

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uscitizen

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oh neat....

Yea.... cuz them Democrats... they never lie. No sir. They do not.




Disclaimer: The above comment is sarcasm. Some posters may wish to look the meaning of that up. Everyone knows that Democrats lie. Because they are no different to Republicans. Only fools - like Bass - deny this.
 

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The changes mean Chile's system is hardly the private plan it was billed to be: Two-thirds of all pensioners now get some kind of government support, which both increases taxes and enables private companies to profit more from government revenues.

Cain is a retard who panders to the white and rich, not to all Americans.
Reverend SHARPTON? Is that YOU?:eusa_whistle:
 

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So it works but requires some additional oversight.,

And you are not stupid for being against liberty WHY?

By additional oversight you mean additional regulations?
Oversight seems kinda contrary to liberty.

Why does it have to be just a reg, why not a law preventing the situation from coming about?

It was cute though you trying to equate corruption with liberty. All lefties view it that way right?
 

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So it works but requires some additional oversight.,

And you are not stupid for being against liberty WHY?

By additional oversight you mean additional regulations?
Oversight seems kinda contrary to liberty.

Why does it have to be just a reg, why not a law preventing the situation from coming about?

It was cute though you trying to equate corruption with liberty. All lefties view it that way right?
The left spews the liberty angle as they cease it.
 
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Bass v 2.0

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Bass v 2.0

Bass v 2.0

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The logical response to the thread title is: ‘He has none.’

In essence, however, thatÂ’s the case:

So why are so many Chileans unhappy?

Many complain of commissions and fees that have added up to nearly 15 percent of their contributions, according to the International Association of Latin American Pension Fund Supervisors.

The system's regulators say people who start paying the legal limit every month at age 25 can retire on 70 percent of their working salary. But that's not common. The average payout is $351 a month, just 36 percent of the average working wage, said Gonzalo Cid Vega, a pensions expert with Chile's Center for National Studies of Alternative Development.

"We created a private system with good intentions, but when a person retires, they become poor," Cid said.

So a similar private plan would be a failure in the US as well.

Any reform of Social Security must be done in the context of preserving the original intent of its creators, and that has noting to do with ‘privatizing.’

In essence the private plan is good for the rich and crappy for those who aren't.
 

driveby

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Lovebears65

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The left or the blacks does not like Cain because he is a self made man and did it on his own without Affirmative action and other social programs. Its a threat to them because it shows it can be done but they would rather have the programs.
 

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The left or the blacks does not like Cain because he is a self made man and did it on his own without Affirmative action and other social programs. Its a threat to them because it shows it can be done but they would rather have the programs.
Careful lest YOU be lumped/cast into the rascist pile darlin'...

Herman is a rugged individual/ist that did things in his life despite conventional wisdom, and what the Founders had laid fourth...:eusa_shhh:
 

Lovebears65

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The left or the blacks does not like Cain because he is a self made man and did it on his own without Affirmative action and other social programs. Its a threat to them because it shows it can be done but they would rather have the programs.
Careful lest YOU be lumped/cast into the rascist pile darlin'...

Herman is a rugged individual/ist that did things in his life despite conventional wisdom, and what the Founders had laid fourth...:eusa_shhh:

Doesnt matter to the left what the rights say we are always considered racist even when its not a racial issue.
 

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