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Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxj!houxm!hou2h!mr
From: mr@hou2h.UUCP (M.RINDSBERG)
Newsgroups: net.flame
Subject: Re: Social Security
Message-ID: <723@hou2h.UUCP>
Date: Thu, 10-Jan-85 08:47:57 EST
Article-I.D.: hou2h.723
Posted: Thu Jan 10 08:47:57 1985
Date-Received: Sat, 12-Jan-85 00:33:07 EST
References: <222@cmu-cs-cad.ARPA>, <580003@acf4.UUCP>
Organization: AT&T Bell Labs, Holmdel NJ
Lines: 11

< It (replacing Social Security with IRA's or their ilk) sounds good BUT:
< 
< what of the guy who waits till he's 59.5, takes all the money out of
< his IRA account, and losses it it (spends it/ gambles it, etc.).
< 
< Now he's old, and broke. Does society support him, or let him starve??

He gets placed on welfare at the lowest standard of living in which he
can survive.

						Mark