No, I meant the SS system.
David L.
Ben Franklin: "Only a virtuous people are capable of freedom. As nations become corrupt, they have more need of masters."
-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]On Behalf Of Tim Harder
Sent: Monday, November 10, 2003 4:53 PM
To: The Sandbox Discussion List
Subject: Re: [Sndbox] Is it the responsibility ofthefederalgovernmenttoprovide ge...
Which one? The electoral system?
On Monday, November 10, 2003, at 04:10 PM, David wrote:
And that proves that the system needs to be changed.
David L.
Ben Franklin: "Only a virtuous people are capable of freedom. As nations become corrupt, they have more need of masters."
-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]On Behalf Of Tim Harder
Sent: Monday, November 10, 2003 11:52 AM
To: The Sandbox Discussion List
Subject: Re: [Sndbox] Is it the responsibility of thefederalgovernmenttoprovide ge...
The problem is that if you did that the old folk relying on SS right now would run out of money.
No politician could get elected on that platform. Too many old folks vote.
On Monday, November 10, 2003, at 10:18 AM, Sandbox Mail List Administration wrote:
But what if I wanted to put my money in a stock issue, or a mutual fund. It's *MY* money to start with, why should the gvt. be able to say I have to put it in their bank account? After all, who earned the money to start with?
Charles Mims
http://www.the-sandbox.org
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From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of [EMAIL PROTECTED]
Sent: Monday, November 10, 2003 11:16 AM
To: [EMAIL PROTECTED]
Subject: Re: [Sndbox] Is it the responsibility of the federalgovernmenttoprovide ge...
In a message dated 11/10/2003 11:13:51 AM Eastern Standard Time, [EMAIL PROTECTED] writes:
Ok, I like that. You know why it won't work? Because seniors today that retire at 62-65 will get much more than they paid in. That's why the system is going broke. I don't think the gvt. should be involved in pensions at all. Let the people take that 13% taken out of their checks for FICA and invest it where they want to. If they spend the money and don't save it, then that's their problem when they get old.
SS has a 2% return on investment. A good investment account can give you a 7% return in a bad year, and as much as 30-40% in a good year. Why should the gvt. do the investing? It's obvious they are not smart enough to do a good job.
which is why the bank thing works. espescially if its an intrest bearing account________________________________
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