To: SeekAndFind
“In Chile, a major study shows the nation’s private retirement accounts provide workers pensions worth 87% of their salaries, 73% of that from profits on savings.”
Culturally this is impossible in the US; we have a whole swath of our population that won’t work and/or save. In the end the ants will still have to feed the grasshoppers.
2 posted on
09/27/2013 10:05:17 AM PDT by
kearnyirish2
(The talking heads have admitted is economic war against white males (and therefore white families).)
To: SeekAndFind
To: SeekAndFind
To: SeekAndFind
I'm wondering what effect privatizing Social Security would have on the markets? It seems to me the additional capital locked into non-trading blocs would have a long-term stabilizing effect. Anybody know?
19 posted on
09/27/2013 12:06:14 PM PDT by
Brad from Tennessee
(A politician can't give you anything he hasn't first stolen from you.)
To: SeekAndFind
Colombia has a similar system. The “maids” assoc. owns natural gas plants, hospitals, resorts and so on...they are doing VERY WELL!
21 posted on
09/27/2013 12:24:35 PM PDT by
rrrod
(at home in Medellin Colombia)
To: Abathar; Abcdefg; Abram; Abundy; albertp; Alexander Rubin; Allosaurs_r_us; amchugh; ...
We should be ashamed as a country that we did not LEAD here. Instead, we get Uncle Scam. We should at least follow, and try to improve even.
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23 posted on
09/27/2013 3:54:29 PM PDT by
bamahead
(Few men desire liberty; most men wish only for a just master. -- Sallust)
To: SeekAndFind
As a Dave Ramsey listener, I have heard him run an analysis several times. My numbers might be slightly off, but they are relatively accurate for the principles of the discussion.
If a person is stuck for their entire working career at minimum wage, they will have 13% confiscated for SSIP (and Medicare.) Never mind that they would have to be a terrible worker and overall loser to be at minimum wage for 40 years.....If they were to invest that amount in a Growth Mutual Fund retirement account, they would have accumulated about $3M in a retirement fund. This would net them a monthly income of about $10K a month after retirement.
Yet, people fight like mad to prevent that very scenario, so that they can receive their pitiful $1K a month from their government overlords!
SSIP is a purely evil plan!
25 posted on
09/30/2013 8:06:20 AM PDT by
CSM
(Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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