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Republicans, including some of the current crop, have been making noise about putting the money in the stock market, one way or another, for a long time, and if

Republicans, including some of the current crop, have been making noise about putting the money in the stock market, one way or another, for a long time, and if anyone’s gonna actually do it it’s these guys.

chrisco255 1y ago
Having a sovereign wealth fund isn't a terrible idea. This is what Norway runs on: https://en.m.wikipedia.org/wiki/Government_Pension_Fund_of_Norway https://en.m.wikipedia.org/wiki/Government_Pension_Fund_of_N...
triceratops 1y ago
Not the worst idea in the world. It's better if returns from capital fund retirements rather than taxes on labor.
mek6800d2 1y ago
A reminder to everyone: Social Security is NOT a retirement plan, it is an insurance plan. When your 401(k) is cratered by the stock market or your pension goes the way of Enron, SS is supposed to be there to hopefully keep you from being dumped in the gutter. Tying SS to the stock market would not be a smart move.
- loeg 1y ago
  You're drawing a semantic distinction that doesn't really exist. Insurance for retirement, retirement funding -- it's all the same thing. A 100% equities (or 100% Enron) portfolio is not the only or best option available to the SSA. And the SS portfolio can't be panic-sold by the individual retiree in a market downswing. Using equities to achieve some additional upside for SS in one way or another is plausibly a reasonable idea.