I just don't think everyone is prepared (or necessarily able) to research the stock market enough to make it less of a gamble. It's not a matter of being unable, but most of the people I know are trying to find ways to put more hours in their day by _decreasing_ their workload (where they can, obviously a 9-5 job isn't a commitment most of us can shorten). To then add an obligatory indeterminate amount of time to research the stock market (a reasonably confusing subject for most people) to get an unmeasureable edge against the gamble is I think a bit ... insensitive to the needs and desires of the average person. Unless of course they aren't allowed to choose the investments in which case they're liable to feel even more at the mercy of chance. I don't blame them for wanting a system that at least seems to them more predictable. And if the purpose of social security is to help those who have financial problems later in life as a result of misfortune or a misunderstanding of economics that makes saving money for retirement difficult (or impossible) then I think a plan that allows them to choose the investments will certainly hurt most for the people it's most intended to help (and help most for those who need it least). No, I'm not an economist and I haven't read the available materials -- but neither are most of these people -- I'm just saying I understand their trepidation.
> The market is a gamble, but not in the same sense as > roulette. An > informed, educated person has better chances of making > money in the > market than in roulette. In other words, I think a person > is making a > mistake if he throws money at a roulette table (outside of > gambling > for fun I mean), but I don't think it is a mistake to > invest in the > market. > On 7/14/05, S. Isaac Dealey <[EMAIL PROTECTED]> wrote: >> We know that we've taken some of your money... but you >> know what, >> we're going to give it all back to you... The only >> requirement is that >> when we give it back to you, you have to bet it at the >> roulette >> wheel... but that really shouldn't be an issue, because >> since it's >> your money, you get to decide what number to bet on. s. isaac dealey 954.522.6080 new epoch : isn't it time for a change? add features without fixtures with the onTap open source framework http://www.fusiontap.com http://coldfusion.sys-con.com/author/4806Dealey.htm ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:5:164770 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
