Social Security means that. It is not intended to be anything else and certainly not a gambling kitty.
SS is not supposed to make us rich, or to become assets we can transfer to our kids when we pass away, as they are supposed to be working and earning their own way, not living on SS until they become eligible.
Money that is not spent by the recipient should go back to the Federal coffers to help other retirees, not to help the kids dodge the responsibility of their own sustenance.
The stock market is a big casino. The little guy (us) does not have the power of the big broker houses to manipulate or predict the future value of a share. This disparity normally means that the guy without a clue looses to benefit those that can affect the outcome with their massive purchase and selling power.
Private Accounts are gambling by proxy: we use our retirement money to gamble on the stock though a licensed gambler, a stockbroker or fund administrator. They have the license to gamble with our money and... they get paid by you, when you buy and when you sell, weather you make money or loose with your bet.
Your investment (bet) in the stock market goes up or down due to circumstances that are absolutely beyond your control. This is called betting.
Should we bet our lunch and rent money? Because your SS funds are there to feed you and house you when you can't work anymore.
Capt. Pablo Vitaver
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment