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How to Fix Social Security

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View Poll Results: How Would You Fix Social Security?
Raise Tax 0 0%
Cut Benefits 1 4.17%
Privatize 12 50.00%
Other (explain) 11 45.83%
Voters: 24. You may not vote on this poll

 
 
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Old 03-26-2008, 12:18 PM   #9
firstdown
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Re: How to Fix Social Security

Quote:
Originally Posted by onlydarksets View Post
I agree - that would help address the concern. However, I think several people on this board would take issue with this approach, because it limits the market. However, a truly free market means we abandon people who don't come out ahead in their SS investments. Economic theory may dictate that is the most efficient outcome, but it's just not very practicable.


Good post.
Well anyone can go out and get a fixed investment that carrys no to little risk so if there was some sort of limit to where the money was invested it would out perform SS everytime. There is a city in Texas that opted out of SS before they passed a law making it manditory. The city collects the money and invest it for the people (something like that) and they are retiring younger and with a larger retirment than the average American.
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