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Originally Posted by Beestie
But everyone who invests in the stock market earns the average return over the long run and that average return is remarkably stable.
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No they do not, as you admit later on:
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Prepare for even more cuts in benefits or, allow me to take more risk than you are willing to take to and earn (historically speaking) five times more than you
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What risk are you speaking of, if everyone earns the average? The fact is, people can and do lose their life savings on the market. Every fund is not a winner.
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and I'll help cover your deficit.
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That's not how it works, unless that's a personal promise from you to me, in which case it hardly solves the greater problem.
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If you do nothing, the system will not survive. What's your alternative solution?
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If we do nothing, the benefits eventually fall to 80% of the current levels, (adjusted for inflation). The simplest fix is to adjust the maximum taxable earnings based on the needs of the system.