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Ron Rule's math ain't mathing because it doesn't account for market collapses that can zero-out portfolios. It also doesn't improve SocSec solvency because the diverted contributions reduce the trust fund capital and interest earnings. Better odds if you trade the family cow for magic beans.

Best time to invest in the market is right before a bubble bursts. True story.

Texas plz get rid of this criminal!!!!

Perfect platform for a losing strategy.

Fuck that

They want us to piss our money away instead of using safety nets. They want us in debt. I don’t have much money, but will have my house paid off a little early and if things break ok I’ll be debt free and own my house at 55. I’m pay check to pay check often but no CCs and no debt. Luck helps

Yes, all you would have had to do is invest. You know, the mass gambling system that only functions by feeding the money of gullible dipshits into it constantly?

More bubble, less oversight!

Yes in the 25 years since 01 the market did well, but how many more people would have been fucked by a privatization of Social Security when the market collapsed in 2007-2008.

And right ahead of midterms. Smart!

In case, Americans had any doubts: Just look at the state of the British water, electricity, and railways companies. They are in an endless cycle of enshittification throught private profits, followed by nationalization to repair the damage, followed by enshittification throught private profits,...

If they privatize Social Security, I’m going to sue to opt out. I don’t think I should have to, not is it legal to have hand my money over to a random guy undisclosed private money manager that I have no say in selection or how they invest, with likely little to no oversight

Better to endorse Paxton being behind bars for life with zero chance of parole

Ken is really testing the limits of partisanship in the Texas Senate race.

Bad faith by Republicans. But then, that’s who they are.

One could also put 10% of the gambling money they give to Kalshi & Polymarket into the stock market, and one would make even more money than they lose on gambling.

So why are they all running to be the government? To take it all away from us...

"...with 20/20 hindsight, it's now obvious that..." And I'm the spirit of confirmation bias, had the suggestion been to interest in Bitcoin, what would we be saying about privatizing SS…?

MAGA is out to destroy what we have already paid for!

Endorsing privatizing Social Security was Bush’s lame duck moment

@papst-ny.bsky.social

Not a terrible idea for people <40 90/10 If the 10 was in Global stock ETF Low cost. Tax efficient

Privatizing Social Security? You’d be better off buying blockbuster video coupons on eBay.

Sure it sounds good on paper, but in real-life there are the ups/downs of the stock market. It’s just like gambling with your retirement. Not for me, I don’t really trust our government anymore. The Trump Administration has taken care of that for me.

And it will no doubt take all of 15 minutes for someone with proper expertise to completely fuck his assertions with correct data and analysis.

Knowing Republicans, they'd copy the model of healthcare and we'd be denied, nickel and dimed, and receive just less than what we deserve.

2/ Americans pay into their social security with every single paycheck earned during our lifetime. This forced savings is returned to us once we reach retirement age. The only purpose for privatization is to make someone else rich off our secured nest egg. HANDS OFF SOCIAL SECURITY!!!!

Lots of bad faith math here. Most importantly, SS is *not* a savings plan, nor is it an investment plan. It’s an *insurance* plan that uses statistical population variances to deliver defined benefits, not risky stock variances to gamble on yields. Different tools serving different purposes.

The wealthy the Republicans work for want access to All your money

Sounds like he's repeating something he heard on FOX.

Well yes. And the money too of course.

Just tax the wealthy appropriately and SS is solvent.

The number of assumptions you would have to hold, bordering on religious fanaticism, to believe the above (incredibly stupid) assertion almost beggars belief. Almost.

Unless you’d planned on retiring in 2009…

Something tells me there may be two sons who will try to grab a piece of that.

Turns out that old Thatcher saying about eventually running out of other people’s money was all projection from the capitalist hogs that will eventually take all of it for themselves.

I'd bet $$$ the regime could successfully sell this insane, absurd, stupid idea to every magat as a really good idea.

I'd bet $$$ the regime could successfully sell this insane, absurd, stupid idea to every magat as a really good idea.

And anyway.... 3% to 8% is a long way from 100%. A modest reward for a big risk. And that's from a think tank that was seeking a positive analysis.

Privatizing stuff seems to always work out well for the regular Joe.

I remember when George Bush wanted to hand over Social Security to Wall Street investors. A quick steep drop in the Dow made Bush stop all talk of privatizing SS.

That's not good.

Uh, didn't something bad happen in 2008?

Unless you were retiring around 2008-9…

And he can go fuck himself sideways

While I do think the social security administration should be able to keep a small percentage of its trust in growth markets. Letting individual control the money is just a way to end social security

What money? Social security is a next payer system. The money workers pay in goes to current retirees.

They won't stop until they've raped the entire country.

Ron Rule is obviously oblivious to the fact that the markets took a huge dump during those years. People would have lost their savings. Privatizing SSCI doesn't make sense, especially when Medicare costs come out of it and there is less to live on when things are already expensive

Let's revisit this after the bubble collapse, not at the peak

In the blinding light of the super-corruption and idiocy of Trump, it can sometime be hard to remember that W. was harmful to America and its people. Referencing his ideas as sound is fucking nuts.

They won't rest till they get their hands on every cent of the money

“Don’t bet on government” say people who work for the government. What is their role then? To lord it over everyone? To enrich themselves?

They want to tether everyone's future to the stock market, even those who have nothing in it and nothing they can afford to put into it. Once people are forced to have a stake in the market, they're much more likely to accept any action that inflates it and any bailout that keeps it from crashing.

Paxton is a true MAGA winner…bigly. www.thebarbedwire.com/ken-paxton-s...

As long as he’s in on the gravy train.

I mean it is literally called Old Age, Survivors, and Disability Insurance It’s literally insurance, people need to understand that and yet they still have some conception of a box in an vault with their name on it

It’s ALWAYS about the money. I worked for a large Wall Street firm for years. The street has been trying to break into the vault of Social Security even before I got into the business in 1986. It would be an enormous mistake to turn the money over to the pirates of Wall Street

Too bad the stock market won’t crash until after the midterms.

EVERY DAMN PAYCHECK since I was 16 NO WAY am I going to let the CRIMINAL republicans steal MY Social Security money. I paid in, now pay me back !!!!!!!!!!!!!!!!!!!!!!!!!!!!

The whole point of government backing is that a benefit is no longer a *bet*. When the government provides a benefit, it is a *right*. That's why they don't want it.

The UK tested personal accounts in 2012 — the Parliamentary Budget Office found median earners got worse returns than the state pension they replaced. The "sovereign wealth fund" framing is new, but the challenge is the same: fewer workers per retiree. The math hasn't changed.

"The worst bet you'll ever make is betting on [Ken Paxton for] government.

That would also mean that seniors in 2001 would have gotten a 10% cut to their benefits.

This is a total lie

He probably would have had the attention of most conservatives until he said recipients would be getting double what they’re getting now. Are we supposed to believe that the government we can’t trust could be trusted to not borrow against that extra money to fund war and corporate tax cuts?

It's not a bet you absolute nonce, that's the fucking point.

It's wild to me how "I think government sucks. You sould vote for me to run government." works for some people.

W. Bush finally admitted his private plan would require borrowing $754 billion over the first 10 years, and "trillions more after that".

God I hate motherfuckers who work for the goddamn government & then say the government is useless. Fuck them! If the private sector is so great, they can just stay in the private sector & leave government work up to the civil servants who actually fucking believe in what they’re doing! 🤬

so.... what did the government do with that money other than put it in the markets or use it to ensure grandma had a place to live and food on the table? Is there some magic consumer investment that outperforms the government financial management?

This guys real name is Ron Rule? It sounds like the real name of some crazed Batman villian.

Security. www.fool.com/retirement/2...

They should put it into SpaceX.

All this does is prove that the US needs a federal pension system that does away with the 401k. And we can sure up social security so that it doesn’t have to face the threat of privatization

Bless you, Mr. Paxton! 😁

Mr. 10 houses paid for by corruption and crime can fuck all the way off.

There are better ways to protect social security without risky stock purchases. This guy seems to have forgotten the 2008 banking crisis that wiped out 401k for many people. If you simply remove the cap and tax all income then the fund will be solvent.

Investing in the market is not without merit, but can we stop with this, the government is the worst bet stuff. I get it, some people dislike governments. Many governments do many good things. Just like with the ”holy” private sector, it can get things wrong and right.

My brain now translates "privatize" as "parasitize."

They’d love to slide this in before the AI bubble pop

Partial only. And as opposed to the strategy we actually adopted, which was to do absolutely nothing about the impending insolvency.

Anything the rich advocates for is never good for the poor.

I'll take the low hanging fruit for the daily double "The worst bet you’ll ever make is betting on government". Answer: 'What is a ludicrous comment (from a former infomercial CEO) to repost if your boss is running for a govt position)?'

Long time Republican policies re-emerging

The only thing dumber is trusting wall street.

The future is now.

Why is TX hearing this from a spokesperson is he that obtuse to be bothered to speak on his own?

The program would still be solvent if those fucking dickheads stopped stealing from it

he can bite my butt. SS didn't start running low till the wealth tax was changed. And that trickle down Reganomics does NOT trickle down.

It's not a bet, man. It's social fucking security. It's right there in the name.

To quote P.J. O'Rourke - Republicans run on the premise that government doesn't work, then get elected to prove it.

NO! Privatizing Social Security would be a risky and destabilizing threat to the program.

What, so some fat cat Republicans can get the contracts to manage billions of dollars? No flipping way.

I am curious what the supposed benefits are to the recipients. Also, curiously, that aspect is never mentioned.

Pretty much every GOP talking point about Social Security relies on lying to people that it’s a savings account instead of money distributed from current collection. Like every other government program.

Conservative Fed chair Alan Greenspan shot down this idea .. "There is nothing that prevents the federal gov't from creating as much money as it wants and paying it to somebody."--Alan Greenspan, March 2005. www.youtube.com/watch?v=h0i0...

A very bad idea.

Ohhh yeah, lets gamble away the last little bit of what working people have just as the market is about to crash... 🙄

“The markets”?

Trust me, you can’t trust the government is a weird position for Republicans to keep taking when they’re in power.

How exactly does this nickel-plated Nostradamus use his powers of prognostication to calculate that everyone's investments would have not merely weathered the 2008 market crash/Great Recession but double their pension payout? Miss Wanda debunked this nearly 2 decades ago: youtu.be/34B00gwyBBA

Just a wordier expression of "Nothing bad can happen, it can only good happen". Pure fucking fantasy about how this would work in practice.

"The worst bet you'll ever make is betting on government." Well, when a Republican is in charge, it sure is the worst bet.

“People rejected this” because we were in the middle of the dotcom bubble bursting. There’s a reason they dropped the issue for 25 years. Lol

You'd never hire a contractor to build you anything that said before starting "it's impossible."

Yet people keep voting for republicans…

It’s literally had a cap since it was created in 1937. This is not new.

Exactly, it should be $500k at least.

The only Ron I would trust is Swanson Because I’ve never met a Ron that wasn’t an absolute tool Not so far anyway

Of course he does. But let’s pray it never comes to fruition and that that vermin never gets voted into another political office the rest of his life!

TODAY: Individuals can decide if they want to put their social security dollars into the stock market.

The final sentence is the GOP creed: If Government isn't failing we aren't doing our jobs!"

Tax the rich 🤑