DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Social Security and Medicare are destroying America

**pavlik** · 05-07-2012, 11:19 PM

The government can manage its own fund. Some countries already do it.

No country would be operating a fund on the same scale as the United States. Compound interest isn't magical, it requires worthwhile investment opportunities. Pump 2.5 trillion dollars into the market, have it administered by a bunch of GS-14s who have no incentive to outperform the market, and you'll wind up with a lot of waste, a lot of rich people getting richer, and a broke ass fund.

There's simply no excuse to impose a regressive tax that funds a boondoggle, when you could just let people invest their own money.

05-07-2012, 11:19 PM	#1
pavlik Join Date Oct 2005 Posts 423 Senior Member	The government can manage its own fund. Some countries already do it. No country would be operating a fund on the same scale as the United States. Compound interest isn't magical, it requires worthwhile investment opportunities. Pump 2.5 trillion dollars into the market, have it administered by a bunch of GS-14s who have no incentive to outperform the market, and you'll wind up with a lot of waste, a lot of rich people getting richer, and a broke ass fund. There's simply no excuse to impose a regressive tax that funds a boondoggle, when you could just let people invest their own money.
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