social security with government would just be like putting it on the stock market though. Government is broke, all they can is print money thus cause alot of inflation. Yea, you may get your money, but what use is it if you can’t buy much with it
What society security should be, is give ppl a choice. They could pick how much percentage of their portfolio goes into local stock, international stocks, real estate, precious metal, bond/fix interest etc that can be changed a few times a year. If ppl were smart and paying attention, they would’ve diverted their portfolio out of stocks and real estate by now
Yes, my position is I don’t need government babysitting my money. I am not paying the government to make money for me or help me make money. To me government should only be a simple set of public services, not a mutual stock fund. I have heard about this privatization plan for social security, and it sounds like we would not only being paying money into social security, but we would be limited into what companies we could invest in. It sounds like a plan for making a few people rich from government involvement and potentially risking my money in companies that would be subject to the same government scrutiny that provoked the “bailouts”, which were nothing more than payoffs.