Won Lee wrote: > Jochem van Dieten wrote: >> It would help if you gave a link to the actual plan. > > Everything is speculation now. The only thing concreate is that he > favors making accounts private. There seems to be certain risk > management controls as well. > > http://www.whitehouse.gov/infocus/social-security/
There isn't much of substance there. But since it is not customary to let the lack of facts get in the way of a good argument I will add some fuel to the flames :-: I like the model they use in Singapore. In short, savings are compulsory, but personal. You can use your savings for limited purposes, inclusing buying property (which is certain to rise in value since Singapore is an overcrowded island), insurance, investments (government approved, usually wide spread funds) and education. Further, the amount you can withdraw at a time is regulated. The savings are 40% of the net income. The long version is page 18 to 24 of http://siteresources.worldbank.org/WBI/Resources/wbi37165.pdf Jochem ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143253 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
