Archive for the 'SocialSecurity' Category
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“At its heart, the muddle over social security reflects the muddle over other, basic questions, such as “should people save for themselves or should the government save for them”, “should the government take money from rich people and give it to the poor or not? If they should, how much?”. As social security stands, it saves for no one, and takes from both rich and poor young people and gives to rich old people”.–Winterspeak via Asymmetrical Information
“Is the typical American brainy enough to buy a well-diversifed stock-heavy index fund when young, and gradually move to lower-risk investments as he nears retirement? Probably not, though the history of index funds shows that many are.
But the important question is a different one: Is the typical American brainy enough to beat Social Security? The answer is clearly yes. Buy bonds, stocks, managed funds, index funds, dart-throwing funds – whatever. They all beat Social Security in the medium- and long-run. Don’t listen to Paul Ehrlich, and you’ll be fine”.–Bryan Caplan, Associate Professor of Economics at George Mason University