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Dems Shifting Attacks From Abortion to Social Security - Spike on Kennedy - 10/31/22 - pt 2
The government has hosed you over Social Security for generations. Fortunately, there are alternative plans in development that are worth looking into such as Cato’s 6.2% plan and the Plan for America. Both plans would allow you to either keep your Social Security plan as-is or opt out and allow you to invest the money into a private retirement plan instead. Because, let’s be honest, Social Security is not a retirement plan. If it was, you could pass the remainder of your money on to your heirs and assigns. As it stands now, it’s a Ponzi scheme – if it were a private investment plan, the administrators would be arrested and prosecuted for fraud. Social Security is on a constant trend of diminishing returns, so much so that millennials and Gen Z are going to see a negative return even if they live long enough to collect on it. If they die sooner, they’ll see less than anyone before them. If we shift away from Social Security to private investment, all we’ll lose is a political boogey man politicians trot out every 2 years to scare grandma and grandpa. I think that’s a very fair trade.
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