{ "media_type": "text", "post_content": "With social security potentially running out, why couldn’t it be an option for the govt to put $5k for every baby that is born in a year into an account Invested in a govt share class S&P 500 fund. Historical average is 10%+, which would provide roughly $2.7 million for a baby born today. Eventually, this would eliminate the need for soc sec tax, and would only cost $18 Billion a year instead of several trillion a year being deposited into the trust.", "post_id": "6186ae6a37c53b002ccec34a", "reply_count": 2, "vote_count": 1, "bowl_id": "59d8e13f4d57b200118168ef", "bowl_name": "Retirement Plan Advisors", "feed_type": "bowl" }

With social security potentially running out, why couldn’t it be an option for the govt to put $5k for every baby that is born in a year into an account Invested in a govt share class S&P 500 fund. Historical average is 10%+, which would provide roughly $2.7 million for a baby born today. Eventually, this would eliminate the need for soc sec tax, and would only cost $18 Billion a year instead of several trillion a year being deposited into the trust.

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Babies don’t vote

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Because the government would use that money to pay for other things instead of investing it. And by the time people retire there wouldn’t be close to what a person needs for retirement. Same thing that happened with Social Security.

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Post Photo
likesmartfunny

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likeuplifting

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