lil-rong69 t1_jdg9wzy wrote on March 24, 2023 at 4:21 AM

My question is why give your government so much power. Just in hope they do the right and knows how to work the numbers.

At least in the us, we knew we could not rely on the SSA. That’s why people save up 401k, other form of investment. And if math checks out people can retire much early(50s or even 40s).

It’s like trusting the us government with more tax dollar to bring equality but they in turn invest in invading other countries. Just funny, you know.

PilotBurner44 t1_jdgpeiq wrote on March 24, 2023 at 7:31 AM

One could say the same about the States. We're Forced to pay SS tax that is constantly under threat of failing, that is then paid back at a substantially lower rate than what was paid in. 401k has many vast tax implications, limits, and restrictions, and saving enough with it for a comfortable or even livable retirement is a luxury few middle economic class and lower people have. Lots of people in this country work into their 60s and 70s having financially struggled most of their working life, only to retire and continue to financially struggle for the remainder of their life.

lil-rong69 t1_jdhciju wrote on March 24, 2023 at 12:20 PM

I’m saying the exact same thing you are saying. It’s garbage. Why are we giving more power to shitty program just in the hope that it will get better