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After 2001/2008/this past week in financial markets, how would privatized Social Security system ever work?
10-12-2012, 04:02 PM
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David Offline
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Only 4% of each individuals SS tax payments would have been privatized and been in control of that individual. That leaves 96% of the tax untouched, and headed toward more government spending...and what not. Historically, the stock market has been a reasonably better odea with better gains than what you get with the government only system. Even now, you would be making more money in the stock market portion of your contributions than with the portion that would go straight to the government. Likewise, with the 4%, you could will that, pass it on, to your heirs...you can not do that with SS as it stands now.
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Messages In This Thread
[] - DAVID - 10-12-2012 04:02 PM
[] - Yes - 10-12-2012, 04:02 PM
[] - Victor - 10-12-2012, 04:02 PM
[] - Ed - 10-12-2012, 04:02 PM
[] - Psychobenzaprine - 10-12-2012, 04:02 PM
[] - jakeb - 10-12-2012, 04:02 PM
[] - Darla - 10-12-2012, 04:02 PM
[] - Blitzed - 10-12-2012, 04:02 PM
[] - YB Logical - 10-12-2012, 04:02 PM
[] - Intellectualhall694 - 10-12-2012, 04:02 PM
[] - loudtoe648 - 10-12-2012, 04:02 PM
[] - shweebe - 10-12-2012, 04:02 PM
[] - Who Else? - 10-12-2012, 04:02 PM
[] - Captain Crackbarry - 10-12-2012, 04:02 PM

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