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465 sats \ 1 reply \ @supertestnet OP 1 Oct 2023 \ parent \ on: Interesting but Broken Analysis of Social Security as an Interest Bearing Loan bitcoin
Wow! If the effective interest rate is nearly 0 then this is an awesome deal for the government and a terrible deal for workers. You'd be way better off buying bonds instead of paying into Social Security. Even better: opt out and buy bitcoin.
Funny how the government can't even afford Social Security payouts when the effective interest rate they have to pay on them (when treated like loans) is only ~0%.
yeah i think this is the case. i'm not sure how it works in the US, but i believe all Canadians pay a portion of their salary towards a similar retirement vehicle whether they want to or not
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