Since SS is an income transfer system from young to old

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Jan 22, 2020
11:29:03am

Busiturtle All-American

Since SS is an income transfer system from young to old

I don't see how a person's SS balance can be invested. My SS tax is essentially going to my dad's bank account.

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Busiturtle

Previous username: danwut
Bio page: Busiturtle
Joined: Nov 29, 2001
Last login: Jan 4, 2023
Total posts: 56,347 (2,185 FO)

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Messages

Author

Time

Now that we have 20/20 hindsight was the proposal to let us

BYU71

1/22/20 11:23am

I like the Bush plan of being able to privatize SS.

mudpupper

1/22/20 11:24am

You mean you don't like Congress "investing" your money with all their lovely...

Sock Gnome

1/22/20 11:29am

I always liked that proposal.

cheezedawg

1/22/20 11:26am

Since SS is an income transfer system from young to old

Busiturtle

1/22/20 11:29am

Yea, I can see that. Luckily I put enough in that my kids aren't

BYU71

1/22/20 11:32am

On privatization—how does this work for someone who has paid into the system for decades vs someone just entering the

1/22/20 11:34am

Meant for op.

1/22/20 11:34am

It is an income transfer system from young to old. Doesn't mean it should be one.

cheezedawg

1/22/20 11:40am

SS is a ponzi scheme

Reedme

1/22/20 9:40pm

The best plan would be to continue to deduct the SS $$ amount from everyone, but let folks choose where that money is

1/22/20 11:47am

I am pretty sure Congress is not in the SS system. First is that correct?

BYU71

1/22/20 11:57am

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