1373
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Nov 2023
1373 points (94.5% liked)
A Boring Dystopia
9771 readers
488 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 2 years ago
MODERATORS
Who would opt out of SS the most? People living paycheck to paycheck. Who can't save for retirement at all? Those same people.
Allowing an opt out would mean homeless and suffering old people wandering and dying in the streets. Which is why SS was created in the first place.
ah maybe you’re confused by what I’m suggesting.
I’m not suggesting opt and not being forced to save. Just force them away from social security and into a 401k style program.
Same intent but with much better results.
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.
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.
No.
Were you born after 2008? You want our nation's social safety net controlled by private banks?
I don't think they were confused by your point, as the idea is bad on its face for the very reasons they noted.