Says the guy who thinks social security is a good idea.
It is if it was managed correctly. If you haven't payed in your 40 quarters you shouldn't get a dime of it or at least pro-rate you to the amount you paid in.
In every 30 year career timeline Wall Street is going to take at least 25% of your IRA regardless of how safe you are due to one of their "crashes" to steal money from the middle class.
Social Security as the pretty cash account is fucking stupid. Social Security as an account paid into by the working class to offset what the rich are going to steal from us is smart.
Or people could manage their own savings.
So a stock market crash can wipe it out, or a savings and loan scandal, or a housing equity crash, or the newest one coming from bond debt servicing from raising interest rates?
I'm all for people managing their own stuff, but there is that guy out there. He's an emotionless soul and all he wants is more and he will do anything to get it. Once every 30 years or so he gets in a position where he can fuck everyone over for his own gain and he does it. Until the day we as a country decide that we have to take that guy out into the middle of the street and cut his head off I'll stick with a well managed Social Security idea. I'll swing the axe for everyone and wink at his wife while his head is rolling around on the ground. I melted soulless people for two decades for nowhere near as good of a cause.
You in, big guy?
Buyer beware.
You could also start using REAL currency.
Dude, I'm with you. I'm just saying all of these crashes are usually the result of the actions of just a few people, usually less than five.
I'm just saying I'd like to have Social Security managed the way it was intended in the interim until we collectively decide to make an example of those said people in front of the masses to curtail those actions in the future.
Disagree on the first part.
Second part. Raise the retirement age to 80 and you might have a chance. LOL.
My girl is going to take care of me and my fellow elders so we got that going for us which is nice
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