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Had this project moved forward the money would likely have gone to firms like AIG, Goldman Sachs, and Lehman Brothers. They have, as a an oligopoly, an extraordinary conflict of interest in that they can create or cause to be created, paper that appears on the face to have value but ultimately does not. They can then cause your retirement assets to be used to purchase this valueless paper at extraordinary personal profit today while future generations learn that it is worthless long after the fact of the swindle. Privatizing Social Security is the most efficient way to secure retirement in the future. Investments would be restricted to insured municipals.Government Bonds and selected high grade corporation dividends. Ex: I calculated my SS contributions and matching contributions by my employers during my working life and estimated that these contributions invested, as suggested above, would have yielded $750,000 at retirement. Given a very low 3% return during retirement would yield $22,500 per year and my heirs would inherit $750,000 at my death. Our government would subsidize the transition for approximately 25years and then be free of the entitlement forever, similar to a mortgage. This would start at age 40 and all those qualified for SS over 40 would continue to participate in the present system.
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What is privatized Social Security?
Dangerous. Privatized Social Security means the contributions would be paid to, and the funds managed by, one or more private investment firms, rather than managed by (and backed by) the federal government. The investment company would be run on a for-profit basis (which the federal government does not do), meaning investors would make money from ordinary workers' contributions, a practice with a built-in conflict of interest detrimental to the worker. If Social Security had been privatized when the stock market crashed in 2008, it would have been disastrous. For more information see Related Questions and Related Links, below.
What happen if you get married and you get social security not social security disability?
In this case you should notify the Social Security Office of your marriage. it might increase the amount of your social security benefit's, if your husband or wife also collect social security payments.
Do my husband pay social security on his employee?
should my husband pay social security on his employee
Witch punctuation mark should be used in social security number?
The punctuation mark that should be used in the social security number is the hyphen.
Can anyone use your social security?
No one but you can use your social security legally. However, some thieves may try to steal your social security. If you find out that someone has stolen your social security, you should report them to the police.
How often should social security number reduction plan how often should the use of social security numbers be reviewed?
Every 2 years
How can you find your daughters social security number?
take her birth certificate to the social security office and file for a new social security card. if she is in school they should also have that number.
How do I know if I have Social Security Supplemental Income or Social Security Disability Income?
One should contact their local welfare office to see if their social security is supplemental or disability.
Should I apply for a new social security number if I lost my card?
You should have your birth certificate and your driver's license. You should also be able to recite your Social Security Number for the examiner at the Social Security Office. It was no sweat for me when I needed to do so, I had those items.
How can I keep my social security safe?
To keep their social security safe people should often take a look at their credit report. They should also have a good antivirus and antispyware program. People can also lock their social security stuff in a safe.
What can i use as verification for my child's social security number?
Your parents should have this information. Also, the Social Security Office has this information, however, you may need an adult to get your social security number. The best answer I can give you is to call your local Social Security Office.
How often should social security numbers be reviewed according to the social security number reduction plan?
Every two years
