Quote:
|
Originally Posted by Beestie
The social security fund is heavily invested in T-Bills and returns a paltry 2-3% annually. The stock market returns, on average, 11-12% per year (which includes down years, btw).
|
That's average. If everyone in the US made the average salary, we would need no safety net. Whats the comparison of the
minimum return for an individual in T-bills and stocks? That's what Social Security is for - a guaranteed minimum to live on.
Quote:
|
Originally Posted by Undertoad
Also, I would not discount the effects on a 15% tax on employment wages on the chances that a young black male will be violently killed.
|
Someone who dies young doesn't contribute much to Social Security in the first place. Once one reaches retirement age, I'd guess that most of the death-age discrepancy is more aligned to prosperity than race.