Thread: Support private accounts?
View Single Post
Old 05-07-2005, 04:13 PM   #7 (permalink)
tadpole256
Head of Security
Moderator
 
tadpole256's Avatar
Join Date: May 2005
Location: The Cradle of Liberty
Gender: Male
Posts: 11,854
Country:
Points: 54,633, Level: 100
Points: 54,633, Level: 100 Points: 54,633, Level: 100 Points: 54,633, Level: 100
Level up: 0%, 0 Points needed
Level up: 0% Level up: 0% Level up: 0%
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Send a message via AIM to tadpole256 Send a message via Yahoo to tadpole256 Send a message via Skype™ to tadpole256
tadpole256 is offline 		Reply With Quote
 
Quote:
Originally Posted by sgtdmski
I have nothing against it at all, except the fact that the government is allowed to exempt itself from laws. Privatization of Social Security will allow those of us young enough to invest our money. The rate of return on SS is ridiculous. I could earn more money by just placing my money in a bank account earning a measly 3% than I would get from SS. I just threw that out there because the opponents of private SS have their own versions.

dmk
I agree that the ROI on SS is ridiculously low, and it is the only legal Pyramid scheme. What laws is TSP exemted from? I really don't know.