Post #3959 by commonone on the US Policy board

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Dope1: 10% average annual return, not adjusting for inflation, give or take.

Yeah, well adjusting for inflation matters. And you don't include any fees in your numbers, either. But the bottom line is that your plan carries considerable risk and social security as it is carries almost no risk.

onepoorguy: If people could opt-out, I would insist on a feature that says "don't come seeking welfare or food stamps if you blow all your money".

Two problems: one, we're not about to let 90-year-olds starve to death (at least I hope we're not become that Trumpian yet); and two, how do we pay for people already on social security if some people can opt-out? Either they have to continue to fund current retirees or a massive tax hike will be necessary to fill that void.

bighairyguy: If people sign a contract to repay a student loan, I would insist they do exactly that...a useless degree in Art History...

I thought it was 'lesbian dance theory.'

bighairyguy: Those fools who repaid their debt or went to trade school sure are chumps.

Ahh, the suckers' dilemma, a variation of the Public Goods game.

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