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Will Gov't have to invest in stock market to keep Soc. Security Solvent?
godawgst
Member, Swaye's Wigwam Posts: 2,554 
The path it's on is not sustainable, unless the gov't wants to keep raising the age requirement and increase tax they take in on workers.
I could see one day a two prong system that people choose which one they want to be a part of
The first is structured just like the current one
The second is a portion of your taxes is put into the S and P 500 with the guarantee there is a backstop or minimum you will get, however if over the 40/50 years you have averaged making 7% as an example, the Gov't gets to keep 2% of it or something like that.
I could see one day a two prong system that people choose which one they want to be a part of
The first is structured just like the current one
The second is a portion of your taxes is put into the S and P 500 with the guarantee there is a backstop or minimum you will get, however if over the 40/50 years you have averaged making 7% as an example, the Gov't gets to keep 2% of it or something like that.
Comments
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If the Gov't attempts to fix the shortfall and not just print more money, how do you think they will try to make it solvent?doogie said:Lol
What is going on currently is a upside down pyramid scheme where there are less and less people paying in to support more and more people who are all living longer and taking even more dollars. -
The Government just raises taxes. They don't want to be capped at 2%.godawgst said:The path it's on is not sustainable, unless the gov't wants to keep raising the age requirement and increase tax they take in on workers.
I could see one day a two prong system that people choose which one they want to be a part of
The first is structured just like the current one
The second is a portion of your taxes is put into the S and P 500 with the guarantee there is a backstop or minimum you will get, however if over the 40/50 years you have averaged making 7% as an example, the Gov't gets to keep 2% of it or something like that.
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and you want Guarantees? Ain’t no guarantees. Sorry. Backstops are for baseball and Banks
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They could raise the income cap of 120k or whatever it is now. I know that's sacrilege to some here.
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Fire_Marshall_Bill said:
They could raise the income cap of 120k or whatever it is now. I know that's sacrilege to some here.
You mean like they've continually done?
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I think you mean ponzi schemegodawgst said:
If the Gov't attempts to fix the shortfall and not just print more money, how do you think they will try to make it solvent?doogie said:Lol
What is going on currently is a upside down pyramid scheme where there are less and less people paying in to support more and more people who are all living longer and taking even more dollars. -
Mostly peaceful ponzi scheme.GreenRiverGatorz said:
I think you mean ponzi schemegodawgst said:
If the Gov't attempts to fix the shortfall and not just print more money, how do you think they will try to make it solvent?doogie said:Lol
What is going on currently is a upside down pyramid scheme where there are less and less people paying in to support more and more people who are all living longer and taking even more dollars.
(stoking the Tug/Finance board wars)
@RaceBannon
@creepycoug -
They might, but I think it would be more the govt trying to prop up the stock market than anything else. Otherwise I expect the Fed to start buying index funds in the next couple years ala Japan...can't let the S&P go down...
