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Old 10-18-2007
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Re: It's Official - Babyboomers Start Collecting Social Security

Quote:
Originally Posted by jviehe View Post
Show me and example of someone getting screwed and I will show you where they went wrong.
Everyone has 20-20 hindsight, the real trick is seeing what someone is doing wrong before they do it.
For people with 401K plans that bought bought Microsoft, the system works fine, for those that bought Enron or Tyco or Digital Equipment or Wang or Schlitz the system didn't work.
For people that took a job at the plant and joined the Union in 1955, they got regular raises, a nice pension and good benefits, for someone who did the same thing in 1980, they find themselves without a job or benefits or a marketable skill and living in an economically depressed area.
In a system where people have a choice, most people will make the wrong choice, that's reality. Everybody can't be a winner.
But if the losers suffer too greatly, they can always kill the winners and take the prizes by force, so there has to be balance enough so that most people are happy enough to follow the rules.
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