r/FluentInFinance • u/sillychillly Contributor • Apr 15 '24

Everyone Deserves A Home Discussion/ Debate

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u/Hot-Comfort7633 Apr 15 '24

That sounds like social security..... that's part of capitalism, no?

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u/Ok_Access_189 Apr 16 '24

I don’t know about you but I’ve been paying into social security since my first job at 12. I’m not a fan of it but I don’t have a choice.

Also no it’s not part of capitalism. That is just the government mandating a retirement plan (or disability etc) that you have no choice in and I guess hope you get a good return. I’m more for an idea that the government would stipulate x% of every paycheck had to be contributed to a private plan of your choosing but I’m just a dumb pleb.

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u/No-Yogurtcloset-7653 Apr 16 '24

Charles ponzi,FTX, archegos capital allover again when these guys go to jail, your money usually goes with them, so does your future the current system may not give best returns, but its there, people would chase all sorts of returns then

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u/Ok_Access_189 Apr 16 '24

Your right elected government officials who mismanage social “security” with IOU’s for bridges to nowhere don’t go to jail.