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Discussion: (2 comments)

  1. Nick Bradley

    I’d like to expand SS and buy bonds and equities with it.

    Canada has a sovereign wealth fund for about half of their SS contributions, and they get a far higher return.

    also, it prevents people from getting bilked by crazy expense ratios out there. people simply don’t have the time to understand all of this.

    so, take 5% of everyone’s pay, buy target funds.

    1. Seattle Sam

      If Congress had elected to do that 70 years ago, the big controversy today would be what to do with all the surplus. But they wouldn’t have been able to buy your grandparents’ votes. Congress has priorities — and the public isn’t one of them.

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