Re:Magical Thinking
by jbooth on Wednesday September 21, 2016 @02:10PM
(#12550737)
More like 1%. Sometimes the rate is higher than inflation, since 2008 it's been lower.
The point is that SS administrators would rather lose a small amount of value than put that giant-ass lump of money into the market. It creates risk, and more importantly, creates a situation where the government is manipulating stock prices with their picks due to the massive size of the trust fund.
The point is that SS administrators would rather lose a small amount of value than put that giant-ass lump of money into the market. It creates risk, and more importantly, creates a situation where the government is manipulating stock prices with their picks due to the massive size of the trust fund.