The question is whether it is better or worse than doing it another way.
No that's not the question, that's a NEW question, not the one all of my posts from the beginning have been about and not one that's relevant to the initial question. Its fine to raise new issues, but they should be raised as such not with "bull shit" as if some entirely new only tangentially related issue was proof that a claim about the first issue was wrong. For the feds the trust fund is neither a net asset not a net liability. You want to dance around that with other issues and then pretend that you've addressed that one but you haven't. Maybe you consider it a trivial point, and your point much more important. If so than your response could have been something like "sure but this matters a lot more", rather than "bull shit".
Yes, esp. for private individuals and companies, and to a much lesser degree for the federal government organizing its money in a particular way might be better (more important for individuals and companies because they can face different penalties and benefits from the government based on what fund the money is in).
But if it is better its because different treatment of the money in the accounts (different treatment from government, different rates of return if the money in different accounts is invested in different ways, different liquidity if you use your money in different ways etc.
But none of that is because its in X fund or Y fund directly. Its because you use your money in different funds differently then you use the money in other funds, or because some third party treats that money in a different way. Different use and different treatment and different rules matter, but that's the rules, treatment, and use, not the movement itself. And getting back to the whole original point none of that turns the trust fund in to a real source of wealth that the feds can use to pay future social security payments. Every dollar out comes from taxes (broadly defined, including government fees) or borrowing, now matter what level the trust fund is at. |
