But again, you've got to recognize how grossly mismanaged Social Security was. I did a chart. This is spreadsheet years ago, Had we taken those surpluses, actually invested them into, let's say stock index fund...we would have something $8 trillion with run up in the, in the stock markets, probably about $15 trillion of hard assets. We'd be talking about increasing benefits, but we didn't do that. So now the solution for fixing Social Security is lift the cap and just tax the wealthy who are, … (02:50–03:08)
CLAIM
Asserts that investing Social Security surpluses in stock index funds could have resulted in $15 trillion in assets.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
