▲ 1343 ▼ Keep in mind that social security is set to run out in 10 years time. (lemmy.world) submitted 2 years ago by STRIKINGdebate2@lemmy.world to c/aboringdystopia@lemmy.world 153 comments fedilink hide all child comments
[+] wintermute_oregon@lemm.ee -15 points 2 years ago* (last edited 1 year ago) (5 children) [deleted] permalink fedilink source parent hideshow 10 child comments replies: [–] CosmicTurtle@lemmy.world 23 points 2 years ago Absolutely 1000% no. Social security is guaranteed by the federal government. Making social security into 401k only benefits corporations by giving them a guaranteed funding source. Hell, I hate the fact that companies moved from a pension system to 401k. Social Security is one of the last places where we have guaranteed income. permalink fedilink source parent [–] bamboo@lemmy.blahaj.zone 14 points 2 years ago Social Security is adjusted for inflation and provides a predictable income stream you can plan for. Having it tied to the stock or bond market would result in big swings and also potential loss. Social Security isn't maximized for profit, it's maximized for predictability. permalink fedilink source parent [–] raynethackery@lemmy.world 4 points 2 years ago No. permalink fedilink source parent [–] prole@sh.itjust.works 1 point 2 years ago 401k style program Were you born after 2008? You want our nation's social safety net controlled by private banks? permalink fedilink source parent [–] Unaware7013@kbin.social 0 points 2 years ago* I don't think they were confused by your point, as the idea is bad on its face for the very reasons they noted. permalink fedilink source parent
[–] CosmicTurtle@lemmy.world 23 points 2 years ago Absolutely 1000% no. Social security is guaranteed by the federal government. Making social security into 401k only benefits corporations by giving them a guaranteed funding source. Hell, I hate the fact that companies moved from a pension system to 401k. Social Security is one of the last places where we have guaranteed income. permalink fedilink source parent
[–] bamboo@lemmy.blahaj.zone 14 points 2 years ago Social Security is adjusted for inflation and provides a predictable income stream you can plan for. Having it tied to the stock or bond market would result in big swings and also potential loss. Social Security isn't maximized for profit, it's maximized for predictability. permalink fedilink source parent
[–] prole@sh.itjust.works 1 point 2 years ago 401k style program Were you born after 2008? You want our nation's social safety net controlled by private banks? permalink fedilink source parent
[–] Unaware7013@kbin.social 0 points 2 years ago* I don't think they were confused by your point, as the idea is bad on its face for the very reasons they noted. permalink fedilink source parent
