The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Don't worry about boomers killing the market||Date: 8/3/2006 11:24 AM|
|Author: OldOne||Number: 52926 of 74536|
the 'personal accounts' would dedicate money to me that was already pegged for somebody else.
I believe that this interpretation is just plain incorrect. Surplus SS funds are not "pegged for somebody else", they are a general surplus.
I fail to understand how taking a portion of the surplus funds, which is small enough to meet all of our current obligations under SS, earmarking it for the individuals who contributed it and allowing them to have some say in their own financial destiny can possibly be a bad thing.
The only possible explanation, which fits the observed facts, is that those with socialist leanings work toward equality for all members of society by making us all equally miserable.
Otherwise there would be no objection to some making economic progress, through their own efforts, while others make no progress through lack of effort. Right now there is a strong desire to reduce us all to the same level as those who make little or no effort.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|