Quote:
Originally Posted by buggyone
Chances are that if most people were left to invest whatever money they wanted out of their paychecks for retirement for their working career, they would not do it - and would find themself with absolutely nothing.
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Social Security began in 1935. What were people doing for the 159 years between 1776 and 1935?
Who is the government to make the
judgement call that
most of Americans wouldn't invest/save for their own retirement. Somewhere around 2% of Americans are entirely dependent on the government for all their needs and about 8% recieve some kind of aid. Why should the other 92% be perceived as not able to take care of their own needs for retirement when they are able to take care of their needs now? We are not stupid! The instinct to survive is possibly the strongest instinct controlling our every move....Give me a break.