Quote:
Originally posted by sgtclub
I understand all of this, but the main objection to personal accounts seems to be that we borrow lots of money for no net gain to the system. However, if the system were to share in the gain, the calculus is a bit different.
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No, I object to borrowing a ton of government money. Make the modest fixes to Social Security to ensure it continues to do what it does. We have private accounts now. People who want more money -- including most of us -- can go to Schwab or Fidelity and open a private account. You don't have take money away from Social Security to allow this happen.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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