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Social security is also being used to subsidize government borrowing (by increasing apparent demand for low interest rate bonds), which makes those vaguely rela
by nickff 7y ago
Social security is also being used to subsidize government borrowing (by increasing apparent demand for low interest rate bonds), which makes those vaguely related social programs appear cheaper.
- lotsofpulp 7y agoWhat should be done with social security funds instead? I’ve never heard anyone provide a better option.
- nickff 7y agoSocial security could be run more like the large sovereign wealth funds, CalPERS, or as (possibly restricted) private savings accounts. The account statements make Social Security appear to be a private account system, even though it's not true. I doubt any of these alternatives are politically viable, and I am not sure they are all necessarily better, just suggesting that there are alternatives.
- makomk 7y agoFunds like CalPERS typically have a good chunk of their money invested in real estate. They are the landlords this article is calling for us to sacrifice, along with endowments for charities and universities and probably a whole bunch of other pensions (maybe including personal pensions).
- deleted 7y ago[deleted]