Choice A - stay with SS which actuaries assure us will have to reduce benefits, raise taxes or both if one lives so long.
Choice B - invest in the market (index funds and the like) which have a net of inflation superior return for a comparable dollar "invested" in SS - also, if one dies along the way, those assets go to my beneficiaries...
The Democrats should be scared...give a person the freedom to choose and one loses control over that - this is political Aids for Democrats.
I couldn't agree with you more.
Emphasizing that the plan is really to help younger people. I'm tired of the AARP griping about it when it won't really affect any of their members.
They are claiming that by 2050, because the system can still payout 70% or so of social security benefits to beneficiaries, that the system is not bankrupt and that the President is loathesome to use that language.
What the RATS do not understand and what we must shout from the rooftops: any moratorium on payments, in whole or in part, legally constitutes bankruptcy.
4% today and tommorrow EVERYONE will want 8% and so on...