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Cannonpointer
26 Mar 2025 3:13 pm
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98% Macho Man
98% Macho Man
36,518 posts
LowIQTrash » 26 Mar 2025, 1:17 pm » wrote: The majority of ppl take more out of SS than what they contributed. So while there is truth to your statement (“there is no SS fund”), I don’t find it as problematic as you do. 

FOS also doesn’t seem to care about this issue even though he will probably pay way more into the system than he gets out. (Then again he said many times money is a minor priority, which is the appropos mindset)

——————-

Let me also address an issue by the financially illiterate crowd (not you per se, just the masses):

The “if I just put my money into the stock market and let it grow instead of paying taxes for SS, I’d have way more” argument also doesn’t apply for the next 10-15 years when the SP 500 will look like the Japanese index from 1989-2009 and we revisit 1000-1500 price levels.

Enjoy the 80 - 85% decline over many years.

People will be BEGGING for Social Security back once their 401Ks are completely eviscerated, even if your looney suggestion is somehow implemented.

@Cannonpointer
Skans STANDS BY the accounting firms that erased an entire generation's retirement accounts - while scoffing at foreigner accountants like a good neocon cartoon murkan. 

Skans is the quintessential "ugly american" - unless he never travels overseas. Then he's just a regular american neocon.
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