I did love how Biden hammered that message.. the "look folks, they want to privatize SS (to which Ryan nodded and agreed).. and just imagine what would have happened if SS was privatized when wall street dropped trillions of dollars in wealth, where would you be then?"
It's something they should continue to hammer, but I think they feel this argument is won/lost already.. but it's not. It's clear to us, but not necessarily to older, low-information, people..
It's gotta be continually hammered home. It seems a decent portion of this electorate can't or won't acknowledge that Yes, there are individuals in the Government that are ready right now to gleefully get rid of SS and encourage you to take your small portion and hand it over to the market for your retirement.
Most people do not and will not have, by their retirement age, enough accumulated to withstand any kind of major negative market hit. Even with multiple portfolio's as different as night and day in their stocks/investments...the average person isn't going to have the kind of money where dumps won't effect/affect(?) them drastically. The multimillionaires/billionaires can take the hiccups, roller coasters and shit tanks. Yea, they'll lose money too, but they'll still have money. They won't lose their homes. They won't lose the ability to pay their bills. For the average retiree, even being as overly cautious, diligent, and meticulous as possible with all their investments/stocks...a 200 or 400k dump just wiped them out by half or more. If anything, the market, for them, should be something they fart around with with a bit of disposable income they may have...it should not be the instrument that determines their entire stability and welfare. It's (especially now) a dangerous game that no one should be playing, with small resources, in their late 60's 70's or 80's.
