I don't get social security, and when I do get to a eligible age.... will only get a token amount not worth even mentioning.
So I don't have really a dog in that fight but I trade, my profession when I am making money, a hobby when not
but only of the paper sort of loss real is gain.
That aside no corporation could run a program such as social security with the degree of efficiency that it does run.
I could research it but flying by the seat of my pants from research years ago..it is a very very efficient program
Frauds and such occuring in a singular basis..certainly, but they are manageing enormous amounts of money each month with a enormous amount of clientiel and potential cliential...the numbers are simply mind boggling.
And...this is a social program run by the federal government. It may be excluded as such only by those that want to so qualify this playing field as any working program to be not included in such discussion but only nonworking programs or those run inefficiently.
So they define the playing field they define the outcome...the conclusion we only can reasonably make.
New Mexico runs student scholorships up the the bachelors level and it is well run and provides the bulk of the educations expense of students at no cost.It is a scholorship program but most hard working students qualify easily.
My dog in this fight...any increased perception of the destruction of the program or insolvencey(which is certainly not the case at present)...and americans save not spend. As they save not spend the economy 70% directly american consumer related...decends.
Corporations think short term as per the necessity of stock and ownership.So short term money out of social security into the competing market...equities and bonds and they win...higher stock and bond prices.
Long term, decreased consumer spending as consequence the overall economy faulters.
Many do not invest in equities or bonds but (as in China) will go to gold or other asset (stuffec in mattresses) and the money drops out of the economy(the value of the money). Flow of money is lost..spelling decreased economic production as decreased credit is available.
So longer term we loose....with no social security, all of us.
This is why china with one of the highest savings rates in the world (often now held in gold just recently allowed)...has as long term plan the desire to add a social security program. To spark domestic consumption.
Peoples don't know corporations are predators upon things and have no country nor peoples of alligence. Their alligence is to their owners(stockholders often) and short term are thusly their opinions.
Not disregard their opinions...but consider them only in context.
All large corporations are diverting out of the US(very gradually) and into china..it is simply a more favorable environment for upticking of thngs.
Here they propose what would destroy...... there they have not that possibility so environmrnt thusly is more favorable long term.
Not to get to techincal but corporations will through new instruments(since the late 90's) bet against governments and win when they loose. Credit defaulat swaps are the instruments, naked swaps.
Corporations thusly are strangly for the first time in history at a point where betting against a governments success is to their financial interest.
They make money if a government fails as goldman held swaps on greek debt.
The US is not immune to this...corproations may actually want governments to fail............ they have interest to do so.
I can get more specific but it gets complicated.
this is greenspans great errror that he does not still admit or know of...goldman made money through the naked swaps on the default of subprime..it was to their interest to write the loans that they knew would fail...they did exactly that.
They and other....corporations have no interest in policiing themselves....swaps removes the need to see things not fail.
It is a new environment.