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You are wrong. Have the desire to make inane arguments and waste time. Poor comprehension.
CYA
Man, the second I blow up your argument into a billion pieces, you run away.
Shaker tried to use an example from a piece in The NY Times showing a man who would run out of money from his privatized plan. The problem is that Shaker committed to this article before he realized that the man was only part of the plan and contributing for only 12 years.
Obviously, if he had been in the plan for his working life, he would have been extremely well off under it and his returns would have destroyed those from SS.
I also see that Casper has disappeared since learning someone in the Dallas FD lied to him.
The privatized system in Galveston works extremely well and those employees have not asked to leave it.
We should grandfather such a plan in to replace the SS Ponzi scheme.
The obvious risk is that it would result in massive amount of people with nothing, and they would become a burden for the rest.
Some Nordic countries have a system, where a portion of your salary is deducted and invested in a private pension company (which have strict guidelines for such accounts), and the employer is also mandated to put in their share. This system allows the retirees to maintain about 80% of their past income during their retirement years.
Man, the second I blow up your argument into a billion pieces, you run away.
Shaker tried to use an example from a piece in The NY Times showing a man who would run out of money from his privatized plan. The problem is that Shaker committed to this article before he realized that the man was only part of the plan and contributing for only 12 years.
Obviously, if he had been in the plan for his working life, he would have been extremely well off under it and his returns would have destroyed those from SS.
I also see that Casper has disappeared since learning someone in the Dallas FD lied to him.
The privatized system in Galveston works extremely well and those employees have not asked to leave it.
We should grandfather such a plan in to replace the SS Ponzi scheme.
I tried to point that out to him as well but math does not seem to be his strong suit.
The obvious risk is that it would result in massive amount of people with nothing, and they would become a burden for the rest.
Some Nordic countries have a system, where a portion of your salary is deducted and invested in a private pension company (which have strict guidelines for such accounts), and the employer is also mandated to put in their share. This system allows the retirees to maintain about 80% of their past income during their retirement years.
And if there is a huge reduction in the working population, how do we meet SS commitments?
Don't have a dog in this hunt, but this seems to be the best article at braking down exactly what Galveston and other Texas counties have in their alternate plan.
And if there is a huge reduction in the working population, how do we meet SS commitments?
Maybe you did not read what I wrote (not surprised). In the system which I described, the money goes to a private account, and your retirement is funded from there, not from other people's wages.
One glaring thing which jumps out at one is unless things have changed these alternate plans unlike SS are not indexed for inflation.
The other glaring thing is that you have to live in Galveston, TX
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