Quote:
Originally Posted by Cannon Shell
So the trillions made by the average americans over the last 30 years not only by individual investments and retirement funds but by institutional investments such as pension funds is negated by losses? I guess you forgot that there is risk involved and no one was complaining when their nest eggs went up 500% during the boom times...
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You missed the entire point. Or are simply avoiding it purposely with a straw man regarding the investment world, which is not the topic.
Currently Social Security funds are not in "risk involved" investments. To privatize social security would put them there. The private sector lost nearly half their investments when Wall Street crashed. Thank goodness that wasn't their Social Security funds, privatized by Bush.