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Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
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In Reply to: RE: Government is the only entity that can. posted by srdavis2000 on July 17, 2021 at 10:10:22:
If government behaved the way it did pre-New Deal, you'd have likely died in your 40s and penniless.
Are your going to try to tell me the value of your retirement account didn't go down after the 2008 crash? If it's recovered its full value and more since then, it's because of G-O-V-E-R-N-M-E-N-T. The investment banks that tanked the economy would have simply taken your money and left you with nothing.
My parents both collected Social Security and it was never reduced. I don't know of anybody who ever had their Social Security reduced.
Private sector employers, on the other hand, renege on pension guarantees all the time.
The truth is that you owner of your own retirement, are every bit as dependent on government as me, pensioner and SS recipient. We both need government to protect our existences. The difference between us that I'm honest about it and feel no guilt about it.
BTW, those UC benefits? They exist as an economic stabilizer. They pay to workers so that workers can continue to buy things and keep other people--who think they built everything themselves--from going under.
And BTW II--you want to keep markets fat and happy, then you better keep SS recipients happy, too. Because without our spending power, you ain't got much of an economy left.
The blissful counterstroke-a considerable new message.
Edits: 07/17/21 07/17/21 07/17/21
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Follow Ups
- If government hadn't created the 401(k), you'd likely have nothing. - ghost of olddude55 10:17:20 07/17/21 (5)
- +1 Private sector employers...renege on pension guarantees all the time. - Jay Buridan 16:46:48 07/17/21 (0)
- RE: If government hadn't created the 401(k), you'd likely have nothing. - srdavis2000 10:45:35 07/17/21 (3)
- I'll be dead, so why do I care? - ghost of olddude55 11:13:25 07/17/21 (2)
- RE: I'll be dead, so why do I care? - srdavis2000 11:39:08 07/17/21 (0)
- RE: I'll be dead, so why do I care? - tweaker456 11:32:38 07/17/21 (0)
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