The Mudcat Café TM
Thread #131082   Message #3004971
Posted By: Joe Offer
12-Oct-10 - 01:41 AM
Thread Name: BS: Who Owns your Social Security?
Subject: RE: BS: Who Owns your Social Security?
I don't trust these people who say we need to "privatize" Social Security. I expected a stable government pension that would give me a modest but stable income in my old age, but my government job got privatized, along with most of my pension. I followed the advice of people who appeared to be wise, and my "privatized" pension lost a lot of money. And somehow, the rich people kept getting richer.

I think that somehow, there was a push to get the pensions of the little people into the market so all that infusion of cash would make the rich people richer.

Can't say I'm very happy about it, but I'm surviving in reasonable comfort. I was a millionaire for a short time a few years ago, but that didn't last long.

-Joe-