02-17-2014, 04:06 PM
I read the entire govt report. It was hundreds of pages. Yes, the average person takes out more than they put in. Everyday, the working people's contributions go into short term treasuries, that are then sold -within 24 hours- and then that money goes directly out to the current retirees. There is no "fund" that pays 3% even.
But, that is not what I posted about this time! It is a separate issue. I am talking about someone not needing income, bumping someone else in their prime working years, and whether this is reasonable if the other person doesn't need the money. This is more of a philosophical question- that of course- may, or may not, have huge practical ramifications.
But, that is not what I posted about this time! It is a separate issue. I am talking about someone not needing income, bumping someone else in their prime working years, and whether this is reasonable if the other person doesn't need the money. This is more of a philosophical question- that of course- may, or may not, have huge practical ramifications.