politics

Only in the US could we be required to pay into social security, a program that has a -4% return, and people still fight for it to exist.

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Or maybe it's intentionally sabotaged after decades of curtailing to result in -4% return.

Because other countries are quite happy with their social security.

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My point is your parents would’ve been better off if they put that money they paid for it into the sp500.

Way better off

People fight for it to exist because they’ve been paying into it their whole lives. If the government wants to give me a lump sum of what I paid (with some interest) I’d call it even.

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My point is simply if you took the required amount and put it into the S&P500 the lower income earners would be much better off.

Not going to say there aren’t problems with SS, yet I’ve always thought of it as a safety net for lower income earners.  

And less of social security as “my investments”.  

Would be happy to see cap raised further to increase the sustainability of it going forward.

Could have been managed much better though.

What percentage of elected officials are old enough for it?