Good evening, Frank... Frank Reichert wrote:
> Yes. It 'might' make sense until you discover the devil in the > details. The truth is that if this idea reaches the light of day, it > will in fact regulate further the investment and insurance options > open to such private investments in such a way, that consumers would > only be given limited choices approved by the government. You would Not only would we, as taxpayers, be limited to investing in officially-approved insurance, at least based upon what Bush said in his speech, the government may *want* to dictate when and how much we withdraw from our accounts, including the manner of our withdrawal. In other words, if Bush's plan works the way he wants, although we will be able to invest in these "capital funds accounts", the time and manner at which we can withdraw our savings will be strictly dictated to us by the insurance or investment firms that handle the funds. > Before you proceed, consider for a moment what corporations the > politicians might decide are the investment possibilities YOU can > choose from? Do I hear the ill-famed name of Enron Investment Company? > That is pretty much my synopsis from the Shrub's televised 'State of > the Union' address concerning privatizing social security. The best > way to privatize Social Security is to simply make it a private choice > of individual's own choosing, and divest the government of any control > over whatever such choices might be. It almost sounds as if you and I agree totally on this issue, Frank. Given the experiences of the past few years, I simply cannot trust the government to dictate to me when and where to invest my savings. Furthermore, I cannot trust that I will ever be able to access those funds when or how I want in the future. That is almost worse than the system we already have. Dave -- Dave Laird ([EMAIL PROTECTED]) The Used Kharma Lot Web Page: http://www.kharma.net updated 11/24/2004 Usenet news server : news://news.kharma.net Fortune Random Thought For the Minute You had mail, but the super-user read it, and deleted it! _______________________________________________ Libnw mailing list [email protected] List info and subscriber options: http://immosys.com/mailman/listinfo/libnw Archives: http://immosys.com/mailman//pipermail/libnw
