should the government Let people control their own retirement and privatize Social Security?

The government has borrowed $2.1 trillion from Social Security. Any private sector financial institution that did that would be closed down the the administrators prosecuted. Not the government. They run a pyramid scheme and tell us it is insurance.

Anything would be better than Social Security. Unfortunately, they've already confiscated $300K of my wages over the last 40 years. I don't have enough working years remaining to recoup the theft.

Social protection became in no way meant to be an easily retirement plan, it became think to be non everlasting. So a hundred money put in 40 years in the past continues to be a hundred money right this moment even nevertheless a hundred money has no the place close to the comparable paying for capability right this moment. Social protection in no way accounted for inflation, in no way deliberate on human beings residing previous sixty 5, and in no way deliberate on the toddler boomers. So undeniable and straightforward it is going to dry up, that's basically count of time. Privatization could be a restore and permit some improve take place that's mandatory for it to proceed to exist. It variety of upset me that Clinton got here up with the assumption however the dems killed it through fact Bush might have have been given the credit. Me in my view, i think of absolutely everyone under 30 could desire to write it off, you in all threat are actually not getting it. i'm 36 and not consistent with it, I even have very own IRAs, mutual money, and shares making plans for my destiny. i think of easily everyone else could desire to do the comparable, it would not take plenty to initiate saving and making an investment, i do no longer in all threat assume the government to get it proper.

No. For one, most people wouldn't do it and then you'd have a real crisis on your hands when the masses retired with no money. Secondly, I wouldn't trust Wall Street with a lemonade stand, let alone my retirement. Look how well the whole 401K idea worked out for people that lost billions in retirement funds recently. Pensions need to be brought back, they should have never been allowed to phase them out to begin with. Just another way to screw the middle class.

Social security is fool proof as long as pooticians dont take the money out. There is NO extra money going in. You put in 100 dollars, you get back 100 dollars. No interest, just tax free. So no, privatizing it would have to lead to a profit and people would not have as much money

Yes. If I could invest the money I put into social security I would retire way better off.

Part of it. Right now if Congress decided to they could just cut programs leaving you with nothing. If you die before being old enough to collect your spouse, if you are married will get benefits but when she dies there is nothing. For example. If a couple both die at age 65 their family gets nothing.

Hell no it would be the biggest con job ever, suicide my god trusting wall street with social security would be like playing Russian roulette with one empty chamber in I think that would be safer.

No. It would require investing those funds to make them grow enough to cover 20 years of retirement.

If it had been privatized during the previous administration, as they wanted, and invested in the stock market, people would have lost all their retirement funds. Poof.

OMG.. are you suggesting we do something WITHOUT the help of the government? Good Lord how will we ever manage???

Yes.