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Old 01-03-2013, 03:58 PM   #83
bimmerfan08
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Join Date: Feb 2009
Location: Hampton Roads, VA
Posts: 4,890
My Ride: Phoenix Yellow M3
Quote:
Originally Posted by Rhumb View Post
I only shudder to think what would have happened to a privatized SS in the collapse of 2008 and the Great Bush Recession.
That was then, this is now. There are others methods besides investing retirement funds into the stock market. Perhaps even methods we have not thought of yet. Either way the future for withdrawing my share looks bleak at this point. I have lost faith in what was in theory the promises of a good system but in actuality has proven to be chaotic and untrustworthy.
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"Economics cannot answer such normative or prescriptive questions about how much of our market incomes, if any, should be transferred to poor families. This is a political question that can only be answered at the ballot box, or in some countries, at the point of a gun."
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