TJ> Social Security
is a pay as you go system. The current workers pay for the benefits of those older workers no longer able to work. This is the key for the system. When you get old, and can't work, have no retirement benefits from your company, or no assets to live on, the younger workers would come to your aid. The idea is to give respect and care to older folk who have worked hard but lead a scrabble living. Over the years, benefits were extended beyond that. For example, if a man dies before 65, even at 40, his kids can collect social security. This made the program no longer an old age program. Today, a filthy rich man, can collect social security. Yes, the program needs reform. It needs to go back to its roots.
But having the money flow into stocks rather than US bond's isn't the answer.
We need new leadership in this country.
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