Plus I believe you will only be in control of a small amount of your contributions so there is always something there at the end of the day.
Besides the portion you control is supposedly transferable upon your death to your heirs. Right now you die that's it. Its over. -----Original Message----- From: G [mailto:[EMAIL PROTECTED] Sent: Thursday, July 14, 2005 9:00 AM To: CF-Community Subject: Re: Americans Losing Faith In Bush Bulleted points about private accounts from Whitehouse.gov: a.. Personal accounts would be entirely voluntary. a.. The money would go into a conservative mix of bond and stock funds that would have the opportunity to earn a higher rate of return than anything the current system could provide. a.. A young person who earns an average of $35,000 a year over his or her career would have nearly a quarter million dollars saved in his or her own account upon retirement. a.. That savings would provide a nest egg to supplement that worker's traditional Social Security check, or to pass on to his or her children. a.. Best of all, it would replace the empty promises of the current system with real assets of ownership That first sentence seems pretty cut and dry. I've never seen anywhere, nor heard anywhere, that a person who doesn't opt-in to a partial privatization would lose any money.......except of course when they retire in 30 years, and there is no social security money left to pay out to them :) > 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. > > I haven't read up on the subject myself, but the rumor I've heard is > that if you don't excercise the option you lose the money... If that's > true, then I understand why people object (see above). > >> Who ARE these people!?!?!?! > >> "I think keeping more of my own money is a BAD idea!" > >> Forget Bush, forget Republican or Democrat, forget social >> security.........the government wants to give you more >> control over more of >> your money!!!!! Goddamit.....that's a GOOD THING! > >> GRRRRRRR............help me Gruss. > >>> >>> By 57% to 33%, Americans now say that allowing workers to >>> invest >>> Social Security contributions in the stock market is a >>> "bad idea," and >>> opponents are much more likely to say their minds are >>> made up. A >>> plurality in every age group opposes the idea, and senior >>> citizens -- >>> who take on disproportionate influence in midterm >>> elections because of >>> their high propensity to vote -- are hostile by 71% to >>> 19%. > > > 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 > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:5:164775 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
