|
.
If
Social Security had been properly managed, today, the public
would have a 40 trillion dollar asset. Instead, we presently
have a 40 trillion dollar debt. Imagine
for a moment that that investment fund
actually existed today. Imagine that Social Security had
that forty-trillion-dollar investment portfolio. Imagine that investment making only a meager two and one-half percent
annual interest. Even at that ridiculously low rate of return, the return
on investment would be a trillion dollars a year in free and clear money that would be available for retired Americans. That's about
double what is currently (2005) being paid to Social Security recipients.
There are about 48 million benefit recipients. Even at that
extremely low, two-and-one-half percent
rate of return, payments from
profits would
average over $20,000 per year per person. Endowment
funds on average make about eleven percent return on the invested
money. Imagine the 40 trillion dollar Social Security investment
making only seven and one-half percent return. The would give each
retiree, $60,000 per year per person. That's about six times
what is currently (2005) being paid to Social Security recipients, and,
unlike today, not one nickel of that money would be coming from
taxes. For the full text of this section, readers are directed to:http://www.EconomicSanity101.com/Rt-3-Protecting-retirement-funds.html#UnitedStatesSocialSecurity
.
|
