Americans are stupid. Seriously. If you invest 4% of your income, as Bush is proposing, and get a very reasonable 11% return (which is pretty low if you ask me), and you have an income 2/3 the size of the median income in America, and you NEVER GET A RAISE, you’ll have just over 2 million when you retire. That gives about $6,000 a month to live. Hmmm. Let’s see. At least $6,000 a month or my social security check? Hmmm.
Now, this program doesn’t even affect me. I get 15% of my income put into mutual funds. Like the Democratic members of Congress that are arguing against Bush’s plan, I don’t pay social security. I’m also a Democrat. I’m just not stupid, and I don’t have a desire for Americans to die poor.
I don’t think watching 24 has been helping either because all of the characters on there are stupid Americans. And all the youth are even dumber. Seriously America. Wake up.
I got it! Let’s make the rich people pay for us to retire. Where’s Robinhood? Hmm, how bout the liberal version of The Ant and the Grasshopper. (I actually found that while looking for the original story.)