Replies to post #34426 on Asus' FREE Speech Money Club (ASUS)

[shermann7]

Social Security is a system that should be done away with. It will take a long time. The money people put in social security should be redirected to private retirement accounts that people can directly manage themselves. It is a false assumption to say that govt can do a better job of managing our money. Some people will not manage their money well, but that is just the nature of the beast.

The other key element of a private retirement account is that it can be passed on to other people upon their death. Social Security cannot.

Shermann

[asus]

No. Your parents would still be entitled to the money. If social security is stopped, all those who paid in should be paid back and only newborns would be exempt from paying in. Naturally since the money is already spent they would need to print more to pay us back, which lowers its value. Therefore, as I said, it's a tax.. (Easy to understand.)

Incidentally, this will not happen. We are losing liberty, not gaining it.. We won't regain liberty until the people start to wake up, which we are very very far from and getting farther all the time.

I know abolishing social security would be very detrimental to mo mom and him