Suggestion for SS privatization

[FUCK THE POLICE]

Instead of just leaving seniors to the forces of the market, we could simply require people to get a portfolio consisting of stocks and bonds, and also pay into a government-run insurance option that will give them a stipend that will allow them to live a reasonable life in case their stock portfolio is wiped out.

 

[PostmodernProphet]

Instead of just leaving seniors to the forces of the market, we could simply require people to get a portfolio consisting of stocks and bonds, and also pay into a government-run insurance option that will give them a stipend that will allow them to live a reasonable life in case their stock portfolio is wiped out.

lol....you mean the Bush plan?....

 

[Sammy Jankis]

Instead of just leaving seniors to the forces of the market, we could simply require people to get a portfolio consisting of stocks and bonds, and also pay into a government-run insurance option that will give them a stipend that will allow them to live a reasonable life in case their stock portfolio is wiped out.

Aren't stocks and bonds subject to the forces of the market?

 

[Sammy Jankis]

Require people to buy stocks? Sounds like an nice internationalist fascist solution.

 

[Cancel 2018. 3]

Instead of just leaving seniors to the forces of the market, we could simply require people to get a portfolio consisting of stocks and bonds, and also pay into a government-run insurance option that will give them a stipend that will allow them to live a reasonable life in case their stock portfolio is wiped out.

DNC troll

 

[signalmankenneth]

Instead of just leaving seniors to the forces of the market, we could simply require people to get a portfolio consisting of stocks and bonds, and also pay into a government-run insurance option that will give them a stipend that will allow them to live a reasonable life in case their stock portfolio is wiped out.

Imagine if we let Bush and the republicans privatize our social security back in 2005, we would be wiped out now, and no bail either!

Twelve Reasons Why Privatizing Social Security is a Bad Idea
Greg Anrig, Bernard Wasow, The Century Foundation

Reason #1: Today's insurance to protect workers and their families against death and disability would be threatened.

Reason #2: Creating private accounts would make Social Security's financing problem worse, not better.

Reason #3: Creating private accounts could dampen economic growth, which would further weaken Social Security's future finances.

Reason #4: Privatization has been a disappointment elsewhere.

Reason #5: The odds are against individuals investing successfully.

Reason #6: What you get will depend on whether you retire when the market is up or down.

Reason #7: Wall Street would reap windfalls from your taxes.

Reason #8: Private accounts would require a new government bureaucracy.

Reason #9: Young people would be worse off.

Reason # 10: Women stand to lose the most.

Reason #11: African Americans and Latin Americans also would become more vulnerable under privatization.

Reason #12: Retirees will not be protected against inflation.

 

[Cancel 2018. 3]

wm, admit you're dnc

 

[cawacko]

Imagine if we let Bush and the republicans privatize our social security back in 2005, we would be wiped out now, and no bail either!

Twelve Reasons Why Privatizing Social Security is a Bad Idea
Greg Anrig, Bernard Wasow, The Century Foundation

Reason #1: Today's insurance to protect workers and their families against death and disability would be threatened.

Reason #2: Creating private accounts would make Social Security's financing problem worse, not better.

Reason #3: Creating private accounts could dampen economic growth, which would further weaken Social Security's future finances.

Reason #4: Privatization has been a disappointment elsewhere.

Reason #5: The odds are against individuals investing successfully.

Reason #6: What you get will depend on whether you retire when the market is up or down.

Reason #7: Wall Street would reap windfalls from your taxes.

Reason #8: Private accounts would require a new government bureaucracy.

Reason #9: Young people would be worse off.

Reason # 10: Women stand to lose the most.

Reason #11: African Americans and Latin Americans also would become more vulnerable under privatization.

Reason #12: Retirees will not be protected against inflation.

Hey Ken, why would blacks and latino's be more vulnerable? A little racism there pal?

And nice lying about what Bush's plan was. Well done sir. I wouldn't actually post an original thought either if I had to back up posting trash like this.

 

[signalmankenneth]

Hey Ken, why would blacks and latino's be more vulnerable? A little racism there pal?

And nice lying about what Bush's plan was. Well done sir. I wouldn't actually post an original thought either if I had to back up posting trash like this.

Why you ask, because they are less savvy in the stock market! I'm just a layman in that field myself!

 

[uscitizen]

Instead of just leaving seniors to the forces of the market, we could simply require people to get a portfolio consisting of stocks and bonds, and also pay into a government-run insurance option that will give them a stipend that will allow them to live a reasonable life in case their stock portfolio is wiped out.

Umm that is what we have now.

 

[cawacko]

Why you ask, because they are less savvy in the stock market! I'm just a layman in that field myself!

Are they less savy because of their race or are they not very smart because of their race?

I can't pick stock winners either hence the proposed plan was never going to allow anyone to pick individual stocks. It was going to be a mix of bonds and funds, not individual stocks, not to mention it was optional to join and for those who choose to join it was a small percentage of your overall SS.

So well done lying sir as well as throwing out racists comments if someone on the right said them. You have that going for you, which is nice.

 

[Cypress]

Instead of just leaving seniors to the forces of the market, we could simply require people to get a portfolio consisting of stocks and bonds, and also pay into a government-run insurance option that will give them a stipend that will allow them to live a reasonable life in case their stock portfolio is wiped out.

Yeah, let's make SS like a pension, like a guaranteed retirement income supplement, that doesn't rely on the crash and burn cycles of wall street robber barons and stock prices.

wait....that's what SS is! Good think liberals invented it!

 

[signalmankenneth]

Are they less savy because of their race or are they not very smart because of their race?

I can't pick stock winners either hence the proposed plan was never going to allow anyone to pick individual stocks. It was going to be a mix of bonds and funds, not individual stocks, not to mention it was optional to join and for those who choose to join it was a small percentage of your overall SS.

So well done lying sir as well as throwing out racists comments if someone on the right said them. You have that going for you, which is nice.

Being smart or less smart has nothing to do with it! It's about money, not a lot of blacks or latinos own stocks or bonds, I don't own them either! If you do not know nothing about investing, you can be taken or ripped off, like the subprime housing loans is a good example, it took advantage of a lot of minorities, who lost their homes!

 

[uscitizen]

Yeah, let's make SS like a pension, like a guaranteed retirement income supplement, that doesn't rely on the crash and burn cycles of wall street robber barons and stock prices.

wait....that's what SS is! Good think liberals invented it!

Yep. And 401K's Keogh, etc are the rest that WM was talking about.

And some rightie on the thread said it was the Bush plan

 

[cawacko]

Being smart or less smart has nothing to do with it! It's about money, not a lot of blacks or latinos own stocks or bonds, I don't own them either! If you do not know nothing about investing, you can be taken or ripped off, like the subprime housing loans is a good example, it took advantage of a lot of minorities, who lost their homes!

Well actually a good number of blacks and hispanics own stock. But I'm sure black and hispanic folk are so happy to have white people that care about them so much that they won't allow them opportunties like this to advanced economically because the white man knows what's best for them.

You still don't acknowledge the limited risk profile that was being offered. It did not allow people to invest in one stock. That was for a reason.

With all due respect sir you need to learn a little more about black and hispanics economically.

 

[Cancel10]

Here's a revolutionary idea. How about we let people keep their whole paycheck, then they can decide what they want to do with THEIR money. Why do you liberals hate freedom?

 

[Cancel5]

Here's a revolutionary idea. How about we let people keep their whole paycheck, then they can decide what they want to do with THEIR money. Why do you liberals hate freedom?

We don't and we also have compassion for others. We want to make sure the least of our brothers are taken care of and the numbers have become so large that it is no longer possible for charities to handle the cases with private donations. It also keeps my things safe when everyone has enough of their own, where they won't come and take mine by force.

If left to their own devices, people generally will do what is right, but then greed and power takes over, so unfortunately we have to have government control.

 

[Cancel 2018. 3]

We don't and we also have compassion for others. We want to make sure the least of our brothers are taken care of and the numbers have become so large that it is no longer possible for charities to handle the cases with private donations. It also keeps my things safe when everyone has enough of their own, where they won't come and take mine by force.

If left to their own devices, people generally will do what is right, but then greed and power takes over, so unfortunately we have to have government control.

amazing...so you don't believe individuals will help others, it must the the government taking money from you and me and giving it to others....

 

[uscitizen]

How many feet of roads have you built? Schoolhouses? Water and sewer systems? How much money do you give your fire and police departments?
Feed many poor people?
Paid any of their hospital bills?

You have done a bit of all of this and much more thru taxes, but how much would you have done if you did not have to pay taxes?
Without taxes there would be less incentive to give to charities.

 

[FUCK THE POLICE]

Require people to buy stocks? Sounds like an nice internationalist fascist solution.

They could buy bonds. Or treasury notes backed up by essentially the same thing SS is backed up by now.