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Why are so many americans against privatizing social security?
03-14-2014, 11:04 PM
Post: #1
Why are so many americans against privatizing social security?
Lets put the right/left spin aside and look at the facts.
1. It's my money not the governments so i should be able to invest it as i choose.
2. Investing in the market allows me to take advantage of compound interest unlike our current system which is a pay as you go system and gets a 0% rate of return.
3. Democrats love to lie and say that 2008 would have buried everybody but seem to forget that "stocks" are only one piece of any investment portfolio and is the only asset class that crashed in 2008. Major investment classes listed below for 2008.
-Stocks s&p 500 -37%
-Long term treasury bonds+34%
-Gold+5%
-Short term bonds+6.5%

As you can see 3 out of the 4 major investment classes MADE MONEY in 2008 and a well balance diversified portfolio that year took MINOR LOSES and in some cases made money that year. The only people that lost a lot of money in 2008 are people that had all there eggs in one basket and then blamed wall street rather then there own poor investment decisions. In addition to being able to have a lot more then the average $1300$ a month social security check that most americans get i would have millions waiting for me in a lump sum when i turn 65 rather then the government deciding when i get my money. I don't get the mindset of people that want the government to control there money and anyone who says that social security has pulled Millions of americans out of poverty in a LIAR because i say that social security has put millions of americans into poverty by robbing them of the millions that they would have had the government allowed them to get 7% to 10% a year compound interest investing in the market on there own throughout there lives.
@patrick with all due respect your short answer is retarded. Bernie madoff and the others you listed are individuals that decided to rob people. US treasury bonds are controlled by the full faith and credit of the US government and are not controlled by one person. The price of gold bullion is controlled by the entire world considering it is traded in every major country. The S&P 500 which is the most often referred to index that is the top 500 US companies is offered by many reliable investment companies such as Vanguard who it's founder Jack Bogle started in 1976 and is considered the most reliable company out there. Your obviously very uneducated and watch too much MSNBC. For future reference do not respond to my posts unless you have a brain and know the basics about investing which you do not!!
@Flower It's people like you that i hate. Just because the government calls something a tax does not mean it belongs to them. My money belongs to me and your money belongs to you not the government. When will retards like you realize that the government does not create wealth it takes it from one person threw taxation and gives it to another WAKE UP DUMMY.

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Messages In This Thread
Why are so many americans against privatizing social security? - 967 - 03-14-2014 11:04 PM
[] - Patrick4024 - 03-14-2014, 11:10 PM
[] - 779 - 03-14-2014, 11:22 PM
[] - 696 - 03-14-2014, 11:25 PM
[] - Keith - 03-14-2014, 11:28 PM
[] - brenton s - 03-14-2014, 11:44 PM
[] - Flower - 03-14-2014, 11:48 PM

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