The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Where is it safer for baby boomers:
Social Security or the stock market?

Oct 22, 2001

The Wall Street brokers and politicians, who want to frighten us about the impending collapse of Social Security, say that when all the baby boomers retire, they will use up the available Social Security funds. If that were true, think what would happen if retirement funds were invested in the stock market and the time came for the baby boomers to retire? They’d be selling off stock to live on, because you can’t buy food with a stock certificate. Imagine the collapse of the stock market then, as worried investors sold off their stock in big amounts hoping to avoid it dropping further?

Trusting stock brokers with our future is like trusting an astrologer on whether it’s safe to go to work today.