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This isn't far from the Social Security reform George W proposed -- letting people invest a portion of their SS into investment accounts (half of social securit
by bpodgursky 6y ago
This isn't far from the Social Security reform George W proposed -- letting people invest a portion of their SS into investment accounts (half of social security is paid by employers).
The political reception was... poor. Had to ditch it under pressure from AARP and attack ads from Democrats.
- frgtpsswrdlame 6y ago>The political reception was... poor. Had to ditch it under pressure from AARP and attack ads from Democrats. Of course. Let people have defined benefits. Stop trying to turn every single angle on retirement into defined contribution.
- jdhn 6y agoI kind of wish that it had gone through, although there would definitely have to be rules on what you could invest in because you know some goof would be messing around with options & puts, and then have their entire private SS account go to 0, or worse.