""The stock market goes up over time but individual stocks can go down and funds fail at a surprisingly high rates. Its possible to do better in the private sector, but the risks are much greater too. If your particular investments fail leaving you destitute, what should the rest of us do with you? No doubt you think you're too smart for that to ever happen."'
you wouldnt be allow to invest in individual stocks, only funds..secondly, the program would be voluntary...so I'll thank you to keep you nose out of my private retirment plans.
Let me get this straight, the government allows you to choose to take a portion of your money, and tells you what that portion is; then government tells you what your government approved choices are, and you think you have control?
How will government decide what funds you may invest in? Do you think lobbyists will have a say in the choices you have?
With all those new accounts, and fortunes to be made in set up fees, commissions, and management fees, do you think the potential for mismanagement, manipulation, fraud, and outright theft exists?
Do you think this plan would grow or shrink government?
You know, that kind of sounds like you might be expecting the nanny state to supervise your investment choices and take responsibility for the safety of your investment dollars.