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Old 11-15-2012, 20:05   #4
GAFinch
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Join Date: Feb 2009
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Quote:
Originally Posted by GAFinch View Post
Quelle surprise.

By turning private retirement investing into a SS-like payroll tax, the government will instantly have more "tax revenue" coming in that they can immediately spend on FDR-style spending programs.
Other scenario is that when the world finally cuts off the Fed, the confiscated savings would quietly pay off a good chunk of what's owed to prevent an economic collapse/hyperinflationary period and allow reckless spending to continue. Either way, SS would be inexplicably broke again in a decade or two.
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