Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/18/84; site amdahl.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!ihnp4!zehntel!zinfandel!hplabs!pesnta!amdcad!amdahl!canopus From: canopus@amdahl.UUCP (Flaming Asteroid) Newsgroups: net.flame Subject: Re: Social Security Message-ID: <900@amdahl.UUCP> Date: Wed, 9-Jan-85 12:53:29 EST Article-I.D.: amdahl.900 Posted: Wed Jan 9 12:53:29 1985 Date-Received: Sat, 12-Jan-85 01:21:19 EST References: <222@cmu-cs-cad.ARPA> <580003@acf4.UUCP> Organization: Amdahl Corp, Sunnyvale CA Lines: 22 Mr. Greenberg: > 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?? Me: If the man has made it to 59.5, he should have enough common sense NOT to blow it all at once. If he is dumb enough to spend it all at once, [1] I don't see how he made it to 59.5, and [2] the jerk *should* starve!!! Besides, the govt has already spent all our future Social Security money! -- Frank Dibbell (408-746-6493) ...!{ihnp4,hplabs,amd,nsc}!amdahl!canopus [R.A. 6h 22m 30s Dec. -52d 36m] [Generic disclaimer...]