Dave Laird <[EMAIL PROTECTED]> wrote in part: >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. Probably so. Yet consider how much of an improvement that is over the curretn system, which gives people only the choice (in some cases) of whether to retire earlier. >> 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? I doubt it would be limited to particular corporations! More likely any limits would restrict it to TYPES of investments --not industry sectors, but types of instruments and forms of organization behind them. >> 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. >-- In light of the above, please explain how. Bounty? Rely, Iris!, Robert _______________________________________________ Libnw mailing list [email protected] List info and subscriber options: http://immosys.com/mailman/listinfo/libnw Archives: http://immosys.com/mailman//pipermail/libnw
