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Politics : Right Wing Extremist Thread
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To: JDN who wrote (49084)4/28/2005 8:23:52 AM
From: haqihana  Read Replies (2) of 59480
 
JDN, I keep hearing people say that the privatization of SS will force them to invest in the stock market, which scares many of them. As I understood, the premise of this act would be to let people keep 2% of what would have been paid into the FICA, and invest it however they chose to do so. Given the freedom to control how these funds are invested sounds like a very good idea to me.

If one looks at the present system closely, they would see that about 70% of the funds collected from workers, goes to waste in the bureaucratic processing of the funds. Looking at what I contributed to the SS, and what I will get back, I could have amassed a lot more money for my own retirement than the government will ever allot to me.
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