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What are the pros and cons of Social Security?
01-26-2013, 05:01 AM
Post: #4
Heretic Offline
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The pto is that it gives the elderly something to live on, the con is that by giving them something to live on they live longer. Privatizing social security means linking the social security fund to the stock market. This way the elderly can reap the wealth of wall street with their modest contributions. However, when wall street tanked a few years ago , not just large investors lost their money, retirement accounts of all types got literally destroyed. Accounts worth $1,000,000.00 were suddenly worthless! Privatize social security, you risk destroy it and any chance the elderly have of living.
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Messages In This Thread
[] - Mike - 01-26-2013, 05:01 AM
[] - Joe - 01-26-2013, 05:01 AM
[] - Heretic - 01-26-2013 05:01 AM
[] - brenton s - 01-26-2013, 05:01 AM
[] - Poly_777 - 01-26-2013, 05:01 AM

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