3 ms·
> Instead of 7.5%, make it 10% or even 15%, 20%, whatever it takes. that takes self discipline out of the equation and fixes the imbalance between spending and
by newtonianrules 1mo ago
> Instead of 7.5%, make it 10% or even 15%, 20%, whatever it takes. that takes self discipline out of the equation and fixes the imbalance between spending and saving.
No thanks, I’d rather it be half what it is now in the US with the other half be investable by myself. Just putting that into an index fund would have resulted in significantly better returns.
- laurencerowe 1mo agoThis is never going to happen because the US Social Security system is almost entirely pay-as-you-go since current contributions fund the vast bulk of current payments. The social security fund is a bit of an accounting fiction since it is just one part of the government owing money to another part of the government. Even if it were practical though, how would you deal with those left destitute because of poor timing (retiring just after a market crash) or who just made poor investment decisions?