Lifestyle > Train of Thought
Another Billionaire Against Bush
Ant:
--- Quote from: Ras Kass' Toothpick on December 22, 2004, 02:16:42 PM ---
--- Quote from: Ant on December 22, 2004, 10:14:01 AM --- Personally, I know a little about investing, and don't bother to learn a lot because it is an amazingly complicated subject. The freedom to invest your money as you please sounds good, but the garantee of a risk free return sounds better to me.
--- End quote ---
Then have someone who does know what he's doing invest money for you. I'm positive a good financial advisor would put that money to better use than the government would.
You don't trust the government and have no confidence in them at all from the looks of your posts but you'd rather have them control your money rather than you?
--- End quote ---
Under the current SS system, the government is not investing your money in the stock market. In the SS system you pay 6.2% of your paycheck into the SS system, your employer matches your 6.2%, and that money goes directly to current retirees. The government uses a formula to calculate how much you will recieve depending upon when you retire and how much you made while working, and that amount is garanteed 100%. There is no government management of SS money under the current system.
Also, you say your "positive a good financial advisor would put the money to better use than the government." Well, first I already pointed out that the government is not managing SS money. Secondly, I wouldn't be so trusting of 'financial advisors'. How do you know your financial advisor is trustworthy if you don't know what it means to be a good investor? There are very few financial advisors who are good at what they do. In fact, 99.9% of all financial advisors cannot beat the market in the long run. Not too mention financial advisors charge fees, and have large marketing departments whose goal is to detach you from your money.
The question is, are you going to be able to pick a financial advisor who is able to earn more from you than the current amount promised by the government? More than likely the answer is no. But in addition to that you have a 2 Trillion dollar transition cost as a side-effect of a change that does very little for the average american.
Put more simply, SS as it is, is risk free, worry free. Privatized SS is neither. The true beneficiaries aren't the American citizen, but the financial industry, who coincidentally donates large sums of money to the republican party. By forcing every American to become an investor, you give the financial industry a huge market to go after and profit from. And while I've said I know very little about investing, I know a whole lot more than some of my friends who have actually gone into the financial industry. Financial advisors, are salesmen with college degrees, who just like every other sales guy, is looking for a commission, and they earn that commission when they make you part with your money regardless of whether they actually make you money or lose you money. So again, I say, don't judge the system by the fact that it is democrat or republican, just look at it and say, is this a system I'd trust? It's not one that I do, and I have yet to hear a good reason why I should.
Thirteen:
--- Quote from: Ant on December 22, 2004, 10:52:53 AM ---
--- Quote from: Needles Kane on December 22, 2004, 10:44:44 AM ---more than 1/2 of america thinks he's good so if you can name that many people by name that thinks he's bad then i'll consider your argument ;D
--- End quote ---
Bush's approval ratings actually dropped post election, the first time in history a president's approval rating dropped after being re-elected. Your posts onlys further proves that Bush supporters are dumb. But anyways if you wish to resort to immatuity I can resort to cruel honesty and point out the fact that you are more than likely to make less than 15$ an hour and will probably be low-income for the rest of your life. Stupidity may allow you to avoid tough arguments that challenge your world-view, but it definitely doesn't help you acquire a stable job that pays well or a good family. Enjoy your ignorance, and your 300$ per week pay-check, if you even recieve one. And when your onto your 2nd divorce, remember I predicted it way back in 2004.
--- End quote ---
that's pretty good rich boy, too bad you spend 80% of your day posting gay ass articles on dubcc that no one cares about rather than enjoying your life
i think many people rather be poor and have fun like i do that be some lifeless rich bitch spending all day bad talking a guy that doesn't even know you exist
face it, you should be out trying to fuck Paris Hilton but you're on here the lifeless faggot you are
oh and lastly, the only reason i'm not making $15 an hour is because i choose to, making money doesn't make you any better than me..so think about all the life you've wasted searching and posting these dumb ass articles on here
BigBDrugStores:
im not a billionaire but i like bush
7even:
--- Quote from: Needles Kane on December 22, 2004, 10:44:44 AM ---more than 1/2 of america thinks he's good
--- End quote ---
well that's the sad part about your people.. the american people really disappointed me on Nov.2
dexter:
Billionaires Unite!
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version