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Originally posted by Mmmm, Burger (C.J.)
It's investing in t-bills at a very low rate of return, albeit with the low risk of non-repayment that all investors face.
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It's not really investing when I take money from my bank account and stick it in my pocket. I'm just moving it around.
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Let's ask club what he means by privatizing SS. All I'm saying is that whatever goal you want to accomplish through SS, you could probably do more efficiently if you contracted out. Unless that goal is intergenerational transfers of wealth, and even the admin for that could be privatized.
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If you're going to pretend that the current alternative is investing, everything else will look good. In fact, it's an intergenerational transfer, with the promise that you will similarly get to stick it to the next generation when you're old enough to have nothing better to do than vote and play canasta.
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