If stocks aren’t profitable, then how the hell do you expect SS to remain solvent? The two are both connected to the US economy. The difference is, stocks hurt when the US economy hurts, but SS goes broke when the US economy hurts...or you force the unborn to subsidize your SS.
Thanks for the comment. I have a second article that defends SS, but the point of this one is that 401ks have been over-hyped. You and I and the rest of America need to keep SS.
The reason I am posting this is that I do have a solution to the national debt crisis that I’d like to post. The solution necessarily deals with SS because SS is a big part of our debt ($2.7 trillion out of $14.3 trillion), the number 1 thing we spend federal money on, and just about the biggest contributor to future deficits. But at the same time (I maintain), we need it, so if I can convince people that we need SS, then I hope I can convince people that the hard choices we need to make this year in the “supercongress” involves hard choices to save SS (at obviously lower benefits, but not zero — there is a way to save SS for all time with no chance that it will go broke).