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By that standard, isn’t any cash I hold in treasuries also an accounting gimmick? Sure, in one case the parties are me and the US Department of the Treasury an
by amluto 2y ago
By that standard, isn’t any cash I hold in treasuries also an accounting gimmick?
Sure, in one case the parties are me and the US Department of the Treasury and in the other case it’s the SSA and the US Department of the Treasury, but I don’t really see how this matters.
- johngladtj 2y agoIf you issued the treasuries yourself it would be.
- Aloisius 2y agoThe government issues money as well.
- s1artibartfast 2y agoIt is closer to trading cash today for IOUs with your name on it. >Sure, in one case the parties are me and the US Department of the Treasury. It would be the same situation if the DOT taxed you when the T-bills come due. Trade 1$ for a treasury today. Tomorrow get taxed $1.1 and paid back with your own money.
- TheNewsIsHere 2y agoIt would not be. The Social Security Trust Fund is called that because money is held in trust for the person who paid into it. It’s the same concept as a trust, but essentially at scale for multiple parties.