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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (69517)	5/2/2018 7:13:31 PM
From: neolib	Read Replies (1) \| Respond to of 355807

You should go through the exercise of setting up the SS Fund as different legal structures and explain where exactly your nutty logic suddenly pops up: 1) SS consists of mandated retirement savings accounts (IRA's) that can be self-directed. Law simply mandates that the % be based on the same rate as current employment tax. You can invest with any institution, and retain control. BUT you can't purchase Treasuries or any government debt! 2) Same as 1) but allowed to buy Treasuries. 3) SS consists of mandated employment withholdings that go to special SS accounts offered only by financial firms that choose to participate and are somehow "certified". Not self-directed. The financial institutions adhere to some federal policies on investment options and risk, and get an administrative fee. Cannot invest in Treasuries or any government debt. 4) Same as 3) but allowed to buy Treasuries. 5) A single public corporation has a monopoly on administering SS accounts. Each account is still private as all of 1-4 above, based on your own with holdings. Investment choices are limited by law for risk. No Treasuries. 6) Same as 5 with Treasuries. 7) SS Admin is a gov corporation has a monopoly on administering SS accounts. Each account still based on individual contributions. Investments limited, no treasuries. Corp structure provides isolation from control of Congress. 8) Same as 7) with Treasuries. 9) Any of the above but with ONLY Treasuries as the investment option. 10) Any of the above but instead of solely individual contributions and decoupled accounts, benefits computed as they are now with SS. Where does the magic come in? Is it the option to invest in Treasuries, is it the % of Treasuries, is it the corporate structure of who administers it, is it the lack of choice, what?