Oh 110% that is the point. Just like the privatization of utilities and schooling, Republicans have been slowly picking apart Social Security for decades, and Democrats have not pushed back in kind.
I can't help but feel like this idea would prove disastrous for the Social Security system (and maybe that's the point?)
Oh 110% that is the point. Just like the privatization of utilities and schooling, Republicans have been slowly picking apart Social Security for decades, and Democrats have not pushed back in kind.
SS is in the state it is in because we keep doing crap like this. We take money from it to pay for a war (or stimulus), then claim the program is unsustainable when it starts running out of money.
Honestly, considering the current state of Social Security in the United States, I would actually, probably, take the money now, were this proposal to evolve into an actual thing.
SS is in the state it is in because we keep doing crap like this. We take money from it to pay for a war (or stimulus), then claim the program is unsustainable when it starts running out of money.
You are far more optimistic than I. I think it will have been replaced with either nothing at all, or something much worse that benefits people who don't need it and hurts people who need it.
It would be a bit of a risk, sure, but I honestly expect to either be dead, or for something better to have replaced Social Security, by the time I get around to being old enough to deal with this.
You are far more optimistic than I. I think it will have been replaced with either nothing at all, or something much worse that benefits people who don't need it and hurts people who need it.
Even before I read your second url I was thinking this could be a great way to arbitrage the $5000 for the next 25 years until retirement. Seems Forbes has a similar mindset. I'd just stuff it...
Even before I read your second url I was thinking this could be a great way to arbitrage the $5000 for the next 25 years until retirement. Seems Forbes has a similar mindset. I'd just stuff it into a Vanguard VTSAX and forget about it for the next decade or two. Maybe then I'd have a reasonable chance of getting something from social security during retirement.
Oh 110% that is the point. Just like the privatization of utilities and schooling, Republicans have been slowly picking apart Social Security for decades, and Democrats have not pushed back in kind.
SS is in the state it is in because we keep doing crap like this. We take money from it to pay for a war (or stimulus), then claim the program is unsustainable when it starts running out of money.
You are far more optimistic than I. I think it will have been replaced with either nothing at all, or something much worse that benefits people who don't need it and hurts people who need it.
Even before I read your second url I was thinking this could be a great way to arbitrage the $5000 for the next 25 years until retirement. Seems Forbes has a similar mindset. I'd just stuff it into a Vanguard VTSAX and forget about it for the next decade or two. Maybe then I'd have a reasonable chance of getting something from social security during retirement.