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“She argued that wealthy people “get to have all kinds of tax incentives to save, but most people can’t afford to do that.”

“but most people can’t afford to do that”.....That is just a lie. Most people who don’t save money are WORKING people. They live above their means. Want and get more than they can afford. The bigger than needed home, newest cars, electronic gizmos etc.

But I wouldn’t write this idea off too soon.

Lets look at it closely. First, it sounds like the older idea to allow each worker to invest some of their own SS funds into a PRIVATE ACCOUNT for future use. This plan would allow an immediate ‘nest egg’ for use after say 40 years old. I don’t know, pick an age.
We are talking about $20,000,000,000 a year going into some type of PRIVATE SECTOR financial institutions. What if ALL financial institutions were willing and allowed by the government to take in this $5000 per child FREE OF CHARGE. No fees to the owner of the account. The banks sure should be able to protect the principal and make a small profit off of that kind of money.
$20,000,000,000 is less than 3/4 of 1 % of what the Federal government will spend this year.
Using the ‘rule of 72’, $5000 will double in 14 1/2 years at 5% return. With a 30 year investment, that $5000 will become $20,000. If parents want to add to it to some limit good.
If all financial institutions competed for all those dollars, we may get some good rates. Those deposits could be lent as home mortgages.

Lets not write this idea off too fast.

Lets hear from some financial experts here.

SS privatization is about allowing you to keep your own money -- instead of being taxed and redistributed back to you (maybe) later, you invest your money.

So why do you need a government program to take your money (and it has to come from somewhere, either taxes or borrowing), invest it in a bank, and then give it to your kid in 18 years?

You don't.

How can the witch be in favor of this when she is not for privatization of social security.
The liberals always complain that people will lose all the money in the stock market. Well Hillary lets privatize social security and all put our money in bonds !!! It will do better than your precious government has done for the past 50 years

I'm no financial expert, and I don't play one on tv. But it seems to me that with the rate of inflation, that roughly $12,500, (assuming the rule of 72) won't buy much 18 years from now.

Why not just give each child when they turn 18 years, starting from now, $12,500! Available as soon as they verify by some document or other their date of birth. Today, that would be a cheap new car, or a down payment on a Mustang, whatever the receipient wanted to spend it on.

Obviously giving an immediate $12,500 instead of $5000 would balloon the cost from $20 Billion to $50 Billion or so. But hey, it's for the children, right?

And what the hell, it's just government money, after all! Not like it would come out of your pockets, or anything!