 Quote:
Originally Posted by garysher 
Here's two possible reasons:
1) People know that the govt will never run out of money, go bankrupt, go into liquidation, be acquired or be at the mercy of stock market fluctuations. 2% may be a low return but it's better than many fund managers achieve over 30-40 year period when it's all averaged out.
If people were allowed to manage their own SS funds you can guarantee some of them will invest unwisely and blow the lot. And regardless of how you feel, those people will no be abandoned in the forest!
2) You can always vote politicians out of office, but in the private sector you have no say over who manages your money. other than moving it somewhere else. And if your fund manager already lost it that could be moot.
| Oh so we are to trust the government to manage our money. The same government that cannot pass a balanced budget, the same government, that so many of our liberal friends complain, cannot react to a hurricane properly, or engage in a war.
Don't you just love, the same ones that complain about the government handling of the war, or taxes, are the same ones that demand the government handle our retirement and healthcare.
Sometimes it amazes me at how pointless some people can be.
dmk Conservatism, I repeat is not an ideology. It does not breed fanatics....But if you want men who seek, reasonably and prudently, to reconcile the best in wisdom of our ancestors with the change which is essential to a vigorous civil social existence, then you will do well to turn to conservative principles
-Russell Kirk- |