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"You might think that I am off base, but I am published by the Securities and Exchange Commission."

Thomas Paul Murphy

Friday, December 13, 2024

Privatisation of Social Security Retirement Income 12 13 2024

The Republican propagandized idea that if you put your money into private investments, you would do a lot better than what the gov pays you at retirement?

I have never heard a greater lie in my lifetime than that!

1.  Most people lose money in the stock market!

2.  I am betting that if you took the money the average American lost in the stock market and compounded it at a 9% rate you would have their retirement income paid for?  Do you see what I am getting at?

Most people strive to make money in the stock market so that they don't have to rely on Social Security in retirement.  But in reality if money was not taken from their paychecks in order to fund social security and instead they invested it, I bet it would be a much larger sink hole!  A skid row sink hole!

I'll get you the stats on how many people make money in the stock market.  And I wouldn't be the first to say that broker of yours is trading against you!

how many people lose money in the stock market - Search

90% of people who buy stocks lose money!  That is the statistic.

I don't believe that we should fund Wall Street.  That would mean a new investment structure and regulations.  Elizabeth Warren in on a idea related to it.  Holding Corporations responsible for illegal activity and revoking what would be a required charter to be one.

But if management of a corporation commits fraud or a criminal activity should that management be allowed to work in corporate America again?  I saw no.  Give them a ticket in the bread and cheese line!  I mean if you can institutionally label people as being mentally ill then you can also create a class structure for Corporate American criminals.  The basics of it being, you get to stand in line in the bread and cheese line to get your food.  No, what the heck do you need a car for?  A criminal has no place to go!  Think you will go for a ride in your car in search of new victims?  Nope, you can't have a car or a driverless car either for that.

What about holding corporate management accountable for fraud and investors actually getting their money back?  Arbitration has no teeth.

I suppose the Republicans think in terms of a class structure.  One whereby if you can get away with cheating people and get rich from it, you will be favored?  Your part of the good Ole boy network?

You want to know what else has no real teeth, settlements distributed from class action lawsuits.  Somehow they never get where they should go, like a river gets dried up in the dessert?

Mutual funds are not the answer either.  They go down and out with a sinking titanic market too!

So what the title off this really accomplishes is funding the non working class, creating barriers to upward mobility.

*****'

Off topic.  Who was that famous guy that said the mafia controls the music industry?  How sick it is if that were true!  And I believe it is

Who was that other famous guy who told us who controls the porn industry? 

Enough said.

Wait a minute.  The whole gist of this relates to how the reserve for your retirement income guaranteed by the gov should be controlled.  If it is privatized, you have essentially defeated Social Security.  Because there is no security in that 90% loss rate.

© 2024 Thomas Paul Murphy

I want to talk about something else too, but I just lost it to the distracting jealous voice.

It might be this,  Free? Health care was invented by a German and put in place in Germany in the late 1800's

"Chancellor Otto von Bismarck started the first social health insurance system in the world in Germany with his Health Insurance Act of 18831234."  Source Google search.

That would be an interesting read.

And you can never have free health care when you have an organized criminal occult voodoo religious institution as part of it.

Jesus Christ who drove demons out of people, would I get an Amen from you?

Was that mega German Battleship named after Otto bon B...?

Republicans sure like the idea of sinking Social Security don't they.

Perhaps the real reason they have for wanting to limit health care is that we have Doctors that really don't want to be Doctors?  They just want the title and the money?  And what did Jesus Christ tell Doctors, "Doctor heal thyself."  He knew that they really wouldn't be able to do that.  So did it imply something else?

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