Instead off SS which is a ponzi sceme, we should just put everything someone pays into an individual retirement account, like a 401k but automatic like SS is.

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2025-01-01 13:16

Instead off SS which is a ponzi sceme, we should just put everything someone pays into an individual retirement account, like a 401k but automatic like SS is.

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Jeffery M Bailey
irish_me333

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發文後	用戶	內容
一小時內	pkswafford	Horrible idea.
2 小時內	MonkeyBoy chinaman1978	Who administers those 401k’s? Vanguard Fidelity Schwab? Essentially that’s privatizing social security. Remember the bailouts after the crash of 2008? They let Lehman Brothers go bust and it took a bunch of them down. Imagine if that was with social security. You’d have homeless seniors living on the street. - that’s why it’s a bad idea. Watch the movie “the big short”
3 小時內	Doyle Tobin dtobin1997	No and not as ponzi Scheme.
3 小時內	Richard Davis rdavis184	There isn’t enough investment opportunity to produce more than a negligible return on that much money.
7 小時內	Pamela K Simmons simpamk	So that means that people that do an important job that doesn’t pay much will only get a little to live on?
7 小時內	Sohail Buggan _thedreamflick	Whoever tricked you didn’t do it well. SS is economic depression proof. You get paid regardless of whether the market goes great or completely shatters. All it takes is for one major event to kill your 401k.