Posted on 11/06/2015 8:07:55 AM PST by MadIsh32
[[The SSA investment committee could end up being the major shareholder in virtually any company they chose. ]]
Which is why there would need to be guidelines on investing- spread out- not all dumped into one particular company or even just several
[[Corporations wanting investment money would be dancing to their tune,]]
that would be one of the problems faced, however, the investments could perhaps be based on performance of the companies only- avoiding favoritism or bribery-
Lot’s of problems for sure, but not insurmountable- the way the money goes out now is just the same- corporations and special interest groups vie for attention and grants and debt eliminations etc-
Well, I did not do that, so what are you complaining about?
What is 'your generation'? And I think you have pegged me with the wrong age group.
And at 18, I was working in a meat packing plant to get money for college. My degrees are in math and comp sci, and they paid off quite well, thank you very much.
I said nothing about one generation being better than another, just that it was the leftist ideas that took over in the USA, starting with Teddy Roosevelt's progressive ideas, through Hoover (technocrat) and FDR (wall street fascist) through LBJ to the current abomination.
Starting an intergenerational fight is just a diversion. It's a "let's you and him fight" diversion from the real source of the troubles.
Or maybe you were responding to somebody else.
I was referring to the idiot that wrote the article and not you. Sorry.
I am a boomer and am sick of stupid millenials that still live in Moms basement blaming us for all their faults.
***The problem with Social Security is that every Social Security recipient in the past 40 years and in the future (if no changes are made) has been or is getting more than Social Security can afford.***
Hey its not a problem anymore. The left has come up with a great solution. We’ll hike the minimum wage to 15.00 bucks an hour. This will greatly increase the dollars flowing into SSI. Although there is a slight downside in that the price for pretty much everything will go through the roof and those on a fixed income will lose lots of purchasing power, but the other solution the left came up with takes care of that problem very handily. The ACA will have people appointed to decide who gets available health care. The math at this point pretty much takes care of itself (not so much the old people however).
I'm actually "con", but realistic about it -- it's too late to do anything material to "fix" it, because we missed our opportunity to do so back in the 80's. Other countries realized that demographic trends made inter-generational transfers were doomed to eventual failure, and transitioned to a national asset-based plan, similar to a 401(k), but with a minimum support level.
My Quixotic effort is only to educate people about Social Security, so they can understand what has happened and PLAN FOR WHAT WILL HAPPEN. A large part of the reason Social Security is in trouble is because people are uninformed, or unwilling to accept the truth.
Ha, an oldie but goldie discussion.
Chile was the one example that I remember. I haven’t seen anything on that in years so I don’t know if that has continued to work out for them or not.
I suspected that Dubya was trying to implement a Chile Lite policy, but with his usual skill he managed to botch selling the public on it and failed to get any support from the Democrats, which would have been necessary to pass it.
Trump has the business and financial skills to know that SS isn’t sustainable and needs to be redesigned. And he has the ability to speak directly to the public. Maybe he will be able to do something to save it.
Death to those over 30!
I haven't been around for a while. I skipped past a lot of spam and pointless blather -- but yours was the only one worth a response.
Chile was the one example that I remember. I haven’t seen anything on that in years so I don’t know if that has continued to work out for them or not.
Australia/New Zealand did so:
Singapore also has a similar program. You should be able to find an article, if you are interested.
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