Okay you young people out there. What are your thoughts on investment accounts for younger workers as a part of saving Social Security. Like it, hate it, no use for it?
Why would anyone want to save that socialist Ponzy scheme?
I have had enough of the nanny police state that our country has become. I would say Jefferson is spinning in his grave, but at this point, if he was connected to a generator, he could personally supply half of Virginias electrical demand.
Let stop working to "preserve" the very socialist programs which have eroded this country in the first place.
End it, don't mend it.
We won't see a dime of SS. The majority of the gen X gen Y population won't see a better standard of living than their parents. As stated, we are free agents increasingly competing against the global gen x gen y population, with a continuously lowering pay scale due to labor supply and demand scales moving closer to perfectly fluid.
We've got fewer options, extended studies until we have a post Masters degree while working, or moving into a field where distance to customers negates offshoring. Either climb the (ever smaller percentage wise of total workforce) corporate ladder, get a government job, or learn a trade and field and start a business by 40.
What really pisses off Gen X people are the trade deficits, and the fact that baby boomers and our grandparents generation are racking up trillion dollar debts that we will have to pay off, plus interest, from our paychecks, every paycheck, for the rest of our lives, AND OUR CHILDRENS' LIVES.
The boomers and their parents have entitled themselves to the highest level of economic prosperity the world have ever seen by bankrupting their nation and enslaving their descendants to debt obligations.
Entitled, my ass, the tax burden on our generation is going to be staggering, and the beneficiaries of the government largess will be boomers and foreign creditors.
There have been several studies that predict the US taxpayer will soon be paying well over 66% of income to taxes. To pay off the debts of previous generations.
I'd rather have the 7% and let me invest it for myself - risks and all.
“What are your thoughts on investment accounts for younger workers as a part of saving Social Security. Like it, hate it, no use for it?”
Great idea. The Baby Boomers in power will not allow it.