2006-12-04 14:44:01 · 12 answers · asked by Anonymous in Politics & Government ➔ Government
Lets put it this way, if all the money they deducted from your check for Social Security was invested in SAFE compounded low interest money markets and Mutual funds, over a 50 year period, even at only 3-4% you would have several million dollars. What do you have now with the Democrats and other crooks managing your account?
2006-12-04 17:44:40 · answer #1 · answered by Gunny T 6 · 1⤊ 0⤋
I think that social security will always be needed. Say you were to keep all the money that is being deducted for social security.Would you set that aside each month so that when you retired it would be there for you? Social security is based on your lifetime of paying into the system. So as time progresses the cost of living rises as well as the amount of social security you can collect when you retire.
2006-12-04 22:57:00 · answer #2 · answered by ? 3 · 1⤊ 0⤋
Perhaps. Perhaps not. The fact of the matter is that very few of us save enough money for retirement or disability to prepare ourselves for when that time comes. The purpose of Social Security is to provide us a minimum safety net in old age, no matter what misfortunes our life might take. So, perhaps you are right. But it's nice to know there is a safety net out there.
2006-12-04 22:49:34 · answer #3 · answered by Bryan 2 · 3⤊ 0⤋
Yes we would because Social Security is beautiful if handled the right way. retarded , sick people and children that have lost their parents, or one parent and it just helps people that can't get out and work. I think social security that President Roosevelt brought into law is one of greatest things we have in our government. It takes care of the elderly all over it is just a great law.
2006-12-04 22:51:33 · answer #4 · answered by Nicki 6 · 1⤊ 0⤋
Yes, people are lousy at saving money, and lets face it, if it's in our hands were gonna spend it. However I have a good 25 years to go and I don't think it will still be around by then. I better start saving :)
2006-12-04 22:53:15 · answer #5 · answered by whitebeanner 4 · 1⤊ 0⤋
What we would need is the return of the poorhouse. We are not a nation of savers and too many of us would not save enough t see us through retirement. Do you really know how to invest or how much to invest to fund your retirement? I don't think I do and I started out to be an accountant.
2006-12-04 22:56:47 · answer #6 · answered by thrill88 6 · 1⤊ 0⤋
.I think it is kinda good that it is there. If all else fails, it would at least keep some sort of roof over your head and food in you belly. But the government needs to keep their dirty little fingers out of that pot. It should be set apart from the rest of taxes. It should not be used to cover other shortfalls. It is not income tax revenue. It is our retirement.
2006-12-04 23:02:34 · answer #7 · answered by patricia p 2 · 1⤊ 0⤋
Only if people will start to save there money.
2006-12-04 23:35:09 · answer #8 · answered by Anonymous · 1⤊ 0⤋
unfortuantley yes...but i do beleive less people would be on it...i wish they would privatize part of it good mutual funds are averaging 12%, ssi the rate of inflation
2006-12-04 23:17:11 · answer #9 · answered by rizinoutlaw 5 · 1⤊ 0⤋
Of course. Because people don't save or invest. They spend all that they have on fun, sex, drugs, stupid hobbies, gamble, get addicted to something gorgeous who sucks them dry of their money, etc. etc. etc.
So why would you ask such a silly question?
2006-12-04 22:47:20 · answer #10 · answered by ALWAYS GOTTA KNOW 5 · 2⤊ 2⤋