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Originally Posted by onewhippedpuppy
Nice to see how stupid you think the average American is.  |
When it comes to investing, the average American
is stupid. Wall Street has come to rely on this stupidity in recent years with the rise of the 'retail investor' If you privatize SS, the fleecing will begin in earnest.
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Thank God the govt is running things. I'll spend my entire life paying in. When I'm 65, I'm confident that it will have all been pissed away on other "more important" things. If it's still there, it will have grown at an astounding 0% interest. Well done Uncle Sam!
By giving Americans options such as bonds or mutual funds, there would be reasonably safe investment options available.
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What you're missing is that SS isn't really a retirement program: it's an extra layer of income tax, but run as a ponzi scheme.