Quote:
Originally posted by Tyrone Slothrop
Why does that question matter? It's not like the government is taken SS funds and investing them inefficiently in the market. It's an intergenerational transfer payment.
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It's investing in t-bills at a very low rate of return, albeit with the low risk of non-repayment that all investors face. But it could potentially do better by investing in the private sector.
Let's ask club what he means by privatizing SS. All I'm saying is that whatever goal you want to accomplish through SS, you could probably do more efficiently if you contracted out. Unless that goal is intergenerational transfers of wealth, and even the admin for that could be privatized.
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