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>I think we should revisit the policy of an actual forced savings account - rather than the bad proxies for it: social security, home equity, 401k. I think soc
by frgtpsswrdlame 2y ago
>I think we should revisit the policy of an actual forced savings account - rather than the bad proxies for it: social security, home equity, 401k.
I think social security is a far better setup than forced savings account. The fact that it's much harder to raid, that it's not really 'your money' locked up somewhere is a big reason why it has lasted as long as it has.
- grandempire 2y agoSocial security is simply paying out current obligations with current receipts. There is no savings or investment.
- UncleEntity 2y ago> The fact that it's much harder to raid... Unless you're the government and can 'borrow' the money, from yourself, as part of some creative accounting scheme. Thanks Reagan. https://www.fedsmith.com/2013/10/11/ronald-reagan-and-the-great-social-security-heist/ https://www.fedsmith.com/2013/10/11/ronald-reagan-and-the-gr...