The GOP wants to take away my social security
It was all over Twitter
GOP about to lose that one too
I like Race's view of pay my social security bitch to leftard youngsters. I'd feel bad if I hadn't paid into social security at the max rate for decades and would be better off if I had stuck it into a S&P 500 fund. I paid for me and my parents and then some.
Run the numbers sometime to see what kind of nest egg you'd have if you would have been able to put even half of what you were forced to contribute to Social Security along with half of your employer contribution into the S&P 500 from the start of your working years. It will either make you ill or pissed or both.
It is such a scam. Not only do you lose on opportunity cost of investing in the stock market over the long haul, but the forced investment of SS $ into bonds creates an ongoing guaranteed market which keeps the price of bonds artificially low. Which in turn allows the government to run even bigger deficits that drives up inflation making the bonds worth even less.
Can you imagine the change in politics if you had that kind of privatized retirement system? Allow people to tap into that money before retirement for a first time home purchase and give them a tangible asset that they could leave to their wife and kids upon death. Couple this with a similar program that funds medical savings accounts and you'd eliminate the two biggest parasitic Federal Gov. programs that exist while allowing middle class and lower income people to build real wealth.
It will never happen, it would eliminate two of the programs the Rats rely on the most to get people dependent upon the government.
You are preaching to the choir. As long as people had limited investment discretion and couldn't borrow against it I'd have been in favor. There'd be quite a few problems if people had unfettered access to their accounts and then you wind up taking care of them anyway. But, yes, I'd have greatly preferred that option.
Limit access to first time home purchase, just like with do with 401Ks. Anything other than that is hit with a heavy penalty.
Or just forbidden. Ok w/ the house because it is a cornerstone of stability in our society. But you start getting into other shit, even education, and the bad decisions start flowing. I don't even want the penalties. I want the $$ there for them to live on in retirement. I just have known far too many people who would have fucked it up. If I were in charge, the SS part of retirement "planning" would be optional investment in a limited number of broad index funds and set aside in trust, with the one exception borrowing for a first home. After that, forget about it. And if you die before retiring, it goes to your spouse and then to your heirs. It shouldn't ever be a windfall for the guv. Fuck that.
