At 08:59 AM 1/17/2005 -0800 Doug Pensinger wrote: >John wrote: > >> It depends if you think that it would be wiser for the Social Security >> Administration to simply put hundreds billions of dollars in vault - or >> else invest hundreds of billions of dollars in equities. Is this what >> you believe? > >What's the problem with investing the money? What would a "privatized" >system do with it?
Well one important difference is that in the case of the former, the SSA, by investing hundreds of billions in equities would be a pretty influential mover of equity markets. In the case of the latter, individualized decision-making woudl presumably iron out those effects some. Other than that, though, there were a couple other important points in my post that were snipped. JDG - Reconciling Pay-As-You-Go with Longer Life Spans, Increasing Health Care Options and Medical Costs, and Decreasing Population Growth, Maru.... _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
