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Will Gov't have to invest in stock market to keep Soc. Security Solvent?

godawgstgodawgst Member, Swaye's Wigwam Posts: 2,409
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Swaye's Wigwam
edited May 2022 in Tug Tavern
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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    doogiedoogie Member Posts: 15,072
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    Lol
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    godawgstgodawgst Member, Swaye's Wigwam Posts: 2,409
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    Swaye's Wigwam
    doogie said:

    Lol

    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?

    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.
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    PurpleThrobberPurpleThrobber Member Posts: 41,863
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    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.

    The Government just raises taxes. They don't want to be capped at 2%.

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    doogiedoogie Member Posts: 15,072
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    and you want Guarantees? Ain’t no guarantees. Sorry. Backstops are for baseball and Banks
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    Fire_Marshall_BillFire_Marshall_Bill Member, Swaye's Wigwam Posts: 22,860
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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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    PurpleThrobberPurpleThrobber Member Posts: 41,863
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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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    GreenRiverGatorzGreenRiverGatorz Member Posts: 10,147
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    godawgst said:

    doogie said:

    Lol

    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?

    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.
    I think you mean ponzi scheme
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    PurpleThrobberPurpleThrobber Member Posts: 41,863
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    GreenRiverGatorz said:

    godawgst said:

    doogie said:

    Lol

    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?

    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.
    I think you mean ponzi scheme
    Mostly peaceful ponzi scheme.

    (stoking the Tug/Finance board wars)

    @RaceBannon
    @creepycoug
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    HoustonHuskyHoustonHusky Member Posts: 5,954
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    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...
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