Help me battle my teacher's indoctrination

[maxtower]

Social Security is a tough problem because it is as much a failure of changing demographics as it is government. When the program was implemented, there were many times more payers than beneficiaries. If they preserved this ratio through age increases, then there wouldn't be a problem, but only people over 75 would collect benefits.

[Case Closed]

Seether,
Where do you go to school?

[Bill Haywood]

For years I've argued that the school of business should stop it's capitalist propagandizing, but no one listens. They do not even accept the principle that they should consider the socialist viewpoint.

[UATrewqaz]

That's because people in business school are preparing for the real world, not some fantasy foo foo land of marshmellows and "free" everything.

[PLOlover]

[ QUOTE ]
If you run those numbers and properly account for all of the benefits SS provides you'll find the ROI for lower wage earners is much higher than you think. Even for higher wage earners it is no worse than the risk free rate of return, despite the inherent transfers.

[/ QUOTE ]

are you including inflation? I was under the impression that SS had a negative rate of return.

[PLOlover]

[ QUOTE ]
They do not even accept the principle that they should consider the socialist viewpoint.

[/ QUOTE ]

they totally embrace it, they just call it someting else. re: SL bailout, subprime bailout.

[PLOlover]

jumping off point

http://www.coyoteblog.com/coyote_blo..._security.html

[ QUOTE ]
In fact, the implied rate of return on my money in the Social Security system is -0.8% a year. In other words, not only is the government not paying me any interest, they are charging me to hold my money.

[/ QUOTE ]

[ QUOTE ]
Also note that the analysis is all in nominal dollars, because that is the way the dollars are on my SS statement - there are not inflation escalators in the program.

[/ QUOTE ]

[natedogg]

[ QUOTE ]
Neither you nor the prof have a very solid understanding of Social Security.

[/ QUOTE ]

This goes for at least 99% of the population. They are coerced into a system they don't even understand, and they are told a bunch of lies like the return on SS is comparable to private investment when they are two different things entirely. It's not even comparable since your SS payments are not in anyway tied to the contributions you put into it.

natedogg

[PLOlover]

a more formal study thingee, personally I would trust a random guy with a blog more than some rand corp. knockoff with an agenda, but it is interesting they come to roughly the same conclusions.

http://www.heritage.org/Research/Soc...y/CDA98-01.cfm

[ QUOTE ]
For the low-income African-American male age 38 or younger, the news is particularly grim: He is likely to pay more into the Social Security system than he can ever expect to receive in benefits after inflation and taxes.

[/ QUOTE ]

[ianlippert]

Pretty good intro to the Enron fiasco

Enron