The way he's proposed it, you either invest or lose. A percentage of the SS payments will be set for private investments and if you choose not to invest it, you basically lose that percentage.
And investing will probably be a loss too. It's not going to be open market investments. It's select stocks that people can pick from. Who selects the stocks? Hm? Who gets rich off the sudden infusion of money from people who are told that they can either lose their money or invest it? Hm? And when these select stocks reach their saturation point from this artificial stimulation and the monied elite pull out before the correction, what happens to all the poor public slobs who've invested? The current system may be broken, but this new system will be broker. (Strained pun, sorry) -Kevin On 5/26/05, G <[EMAIL PROTECTED]> wrote: > If his plan to privatize part of SS comes to fruition....I'd like to hear > from one person on this list who would NOT opt to keep more of their income > in a private account vs. throwing it away on a social tax program...... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:158999 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=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
