Comments | ohyouknowwhat: Politics as Usual...

ohyouknowwhat

Politics as Usual...

Nov 04, 2004 18:19

Today I was reading some political policy information on Centrists.org, as well as on the Libertarian Party website. I don't really agree with the Libertarians, but they have well thoughtout policy articles on their website. Anyway, it seems that the average American's personal income is $35,000 per year. It also turns out that if Social ( Read more... )

Comments 6

literaryninja January 24 2005, 04:19:46 UTC

Indeed. I thought that everyone was doing this independently, but if it took the place of Social Security, then that would make it more effective. I hadn't actually heard of this as a formal Government idea, but I like it.

- Brian

Oh, and Brian now has a livejournal and uses it to participate in political discussion. That, too.

ohyouknowwhat January 24 2005, 08:31:34 UTC

Yeah, so I told my parents what I heard and what I thought, and lo and behold I'm only allowed to be free thinking if I freely decide to agree with them. :)

I don't know if I put this in my post, but here's the statistic: make $35,000 a year, put the normal Social Security contribution into your retirement fund, retire at 55 as a millionaire. Obviously, if you intend to make more than $35,000 a year or retire later, this amount goes up by a staggering amount.

Good to hear from you again.

ohyouknowwhat January 24 2005, 08:32:15 UTC

I just checked and lo and behold I DID put that in my post. Sorry for beating the dead horse.

No big deal. literaryninja January 25 2005, 04:09:55 UTC

I've beaten more than my share of horses. It was more striking in your comment's context, anyway.

Thread 5

ex_karamazov744 January 8 2006, 18:17:51 UTC

A monumentally bad idea. Many, many elderly Americans rely on social security for their wellbeing, and a collapse of the market would irreconcilably push them into poverty. Further, the plan is classist and elitist, as highly educated, already wealthier individuals will be better prepared and able to manage their accounts, along with having greater access to sound financial planning adivce. Social security has been the most effective anti-poverty measure in American history. Do we really want to cut a hole in the United States' only social safety net?