[extropy-chat] Real estate as an extropian investment

[Mike Lorrey]

--- Samantha Atkins <sjatkins at mac.com> wrote: 
> The above is only relevant if the retired are living of off  
> government taxpayer $$.  It misses that most of the retired among  
> boomers have paid a small fortune in Social (hah!) Security that got 
> expropriated by the government.  

This is not accurate, Samantha. The average American worker only
contributes enough to social security over their lives for about 3.5
years of benefits. The problem is they live over a decade, on average,
beyond the start of their benefits, i.e. they are taking three dollars
out of the system for every one they put into it. None of their money
went into any interest bearing investments (other than when they
shifted SS trust funds into T-Bills in the late 80's, if you count
those as reliable or contributing to economic growth).

Mike Lorrey
Vice-Chair, 2nd District, Libertarian Party of NH
Founder, Constitution Park Foundation:
http://constitutionpark.blogspot.com
Personal/political blog: http://intlib.blogspot.com

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