Social Security in the U.S. is a Ponzi Scheme

T. A. Gardner said:
No, I'd rather see social security done like the federal TSP (401K) plan is operated. That is, it is invested in part in private securities at a good ROI. Imagine if say, 30 to 40% of social security monies were invested in the stock market, another 30 to 40% in various bonds, and the remainer into government securities.

Just the infusion of that much money into the stock and bond market would result in a huge increase in the US GDP. It would infuse corporations and the like with a mass of new money they would use to increase productivity.
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Damn...this NONSENSE didn't age well!!!
 
Nordberg said:
How big a hit would SS have taken this week if it were connected to the market?
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They want all workers to simply create another retirement account with the money that they now pay (doubled by employer) in FICA. So there would be no SS, just a retirement acct. that is probably down about 25% right now.
 
Nordberg said:
How big a hit would SS have taken this week if it were connected to the market?
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Your thinking is wrong. It wouldn't be invested like some gambling day trader does. It isn't the ups and downs of the market, but its performance over the long run, like 10 to 20 years. It would be in for the long run.
 
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