How about the SS fund be allowed to invest in other things besides US Treasuries? It could be invested in many mutual funds spread across many asset classes.
Or crypto..
I used to think allowing that stuff might be a good idea, but not anymore with all the gambling-style funds and investments going on.
Just means test and pause CODA for 15-20 years will do it. But the most fiscal conservative will go ballistic if it means affecting their entitlements in anyway.
One the plus side, it made the system solid and transformed Chile from a third world country to a first world country in a single generation.
On the minus side, it deprived the leftists of a source of revenue they were using to transform Chile into a Communist Utopia and Pinochet made about 1800 of them disappear.
There is no “trust fund”.
Oh God, no.
How about the SS fund be allowed to invest in other things besides US Treasuries? It could be invested in many mutual funds spread across many asset classes.
No. Take the King’s shilling, do the King’s bidding.