3 ms·
A federal system sounds like a horrible idea and a really dangerous single point of failure. The consequences of such a system collapsing would be apocalyptic,
by 76384638 4y ago
A federal system sounds like a horrible idea and a really dangerous single point of failure. The consequences of such a system collapsing would be apocalyptic, and forcing everyone into a single system without competition all but guarantees corruption and mismanagement. Social security is bad enough, please don't expand it.
- lotsofpulp 4y agoThe federal US defined benefit pension already exists, it is called Social Security.
- 76384638 4y agoI did say "Social security is bad enough, please don't expand it." Luckily, most Americans have pensions outside Social Security, so you won't end up in a situation where nobody has a pension if it collapsed. It would still be bad, but not as bad as if the federal government had a pension monopoly.