SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : All About Sun Microsystems
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JDN who wrote (42620)3/31/2001 3:41:11 PM
From: Steve Dietrich   of 64865
 
<<Trust me, when I tell you that if you were to take the politics out of Govt. and operate efficiently you could REDUCE expenditures by 25% minimum and provide MORE services to the people.>>

I think we agree here. And my example of the Bush administration fudging growth numbers to suit their political agenda is a perfect example of how politics gets in the way of good governance.

<<I think all of us on S.I. would agree that a diversified portfolio of quality stocks over 10-15-20-25-30 years would yield AN INCREDIBLY better return than the estimated lousy 1% yield>>

I like the idea of getting better returns on all that SS money that's just sitting in Washington waiting for the Baby Boomers to retire too. But people forget what SS is. It's not the government holding your money for you until you retire. The first generation to receive SS never paid a penny in to the system. The deal is: today's workers pay for today's retired workers in exchange for the promise that tomorrow's workers will pay for today's workers when they retire. That's why you don't earn a return on SS, it's not an investment. It's a transfer of wealth from one generation to the next. And then there's widows, orphans and the disabled who also get SS money that they never put in themselves. It's a social program, not an investment club. It's also helped wipe out poverty among the elderly, and is solvent for between 35 and 75 years. (How many publicly traded companies can say that?) There are a lot of things right with SS too.

Steve Dietrich
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News