Quote:
Originally Posted by jimhoward
If a percent of workers salary and an employer match are to be invested in the stock market and the resulting nest egg earmarked specifically for them, as some have suggested, why have a SSI program at all? Workers could just do that themselves. That is what a 401k does.
Despite complaints from those who have done the math and figured out they would have done better investing on their own, social security remains one of the most successful and popular government programs in history.
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Why have a forced retirement system at all? Because most people are idiots who will not save for their old age, and then the rest of us wind up having to bail them out.
SS is "successful" because those same idiots who won't save for the future can't do math and don't realize how much that Ponzi scheme cost them, so SS just looks like "free stuff" -- to an idiot.
I'm not saying we shouldn't force people to save for their old age. I'm not even saying they have to learn high finance and self-direct their investments. I'm just saying we ought to invest the money in real assets and not just some stupid Ponzi promise that only works when old people die quickly.
And I'm saying that the solution to paying off all of us previous victims is to make the wealthy chip in at some rational fraction of that 15% of our lives that this stupid scam has already cost us normal folks.