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re: Do you believe in Social Security choice?
Posted on 7/7/14 at 3:17 pm to ehidal1
Posted on 7/7/14 at 3:17 pm to ehidal1
quote:
It's a bad idea because anyone with a brain will opt out and the rest will not be able to fund it. It is already unsustainable...imagine if 60% opted out.
That's too damn bad... where does personal responsibility fall into this, if you decide not to opt out and continue to invest your $$$ into social security and it fails, that's your fault that you chose to put your money into a failing system
People would have no sympathy if we invested our $$$ into a failing mutual fund or stock and lost our money, why have sympathy for those who invest into a failed social security program. Both were just poor investment strategies.
1
Posted on 7/7/14 at 3:24 pm to goldennugget
quote:
That's too damn bad... where does personal responsibility fall into this, if you decide not to opt out and continue to invest your $$$ into social security and it fails, that's your fault that you chose to put your money into a failing system
we do a very poor job of letting people completely sink with their bad choices, just look at the last 10 years for evidence.
The reason that this is a bad idea is
a) 50% people opt out
b) 50% of those people don't save a penny
c) at retirement age, they whine and bitch and vote their access to those who saved
d) we have the cost but not the revenue for the program.
This is the problem with the idea, its destined to fail.
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