Quote from Pa(b)st Prime:
You had the "option" to do what ever you wanted. By stocks. Buy Treasuries. Do nothing. Also you're SS contribution would've had portability to heirs.
Quote from Pa(b)st Prime:
You had the "option" to do what ever you wanted. By stocks. Buy Treasuries. Do nothing. Also you're SS contribution would've had portability to heirs.
Quote from Fractals 'R Us:
Do people see fixed income as "secure" somehow? It's extremely risky, you are gambling against inflation and occasionally inflation is hyperinflation and people on fixed incomes starve, literally.
SSI as it is, is not even a savings account, it is a transfer of money from your paycheck to somebody else. It's the forced investment that guarantees zero return, not even your principal is saved up for you or your heirs... but it got a lot of black votes starting back in the 30's for the Democrats and still does so it's still the third rail of politics..
Quote from bxptone:
And put people's retirements into the stock market? TO PROP IT UP. Again the more I read about banking 101, the Federal Reserve, debt, etc (most of which I knew about already just now everything coming to LIFE), did the powers that be know what was coming, a complete market upheaval?
I was always suspect as to why the certain people would want to put others RETIREMENT money, into a market that has crashed more the once, twice, three times.... throughout it's history. And then I was reading about how govt's try to instill fear into civillians to get things passed cough*bailout*cough, and when I was reading the link below, my conspiracy theory bells went off when I remember how Allan Greenspan, orchestrator of the 1% fed funds rate forever which has led us to where we are, was trying to scare everyone into thinking SS was going bankrupt. Haven't heard a peep about SS going bakrupt since then. This link is a little childish but I like it!
http://www.hermes-press.com/sss1.htm