There’s risk everywhere. Most people’s savings is not going to be threatened by a run on the bank in this day and age and if that is the case, hopefully we will return to sound money where that won’t be a problem.
Is having a retirement program run inefficiently by the federal government any better? So should we just never set aside our own money and expect someone else to do it for us?
“So should we just never set aside our own money and expect someone else to do it for us?”
Of course we should set aside some of our own money and have our own investments. I am just advocating for the position of leaving the 7% SS tax in place for the guarantee. All other discretionary income should be at the whim of the earner. Where in any post above did you deduce that I am for all discretionary income to be turned over to government control?