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.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LindyBill who wrote (97121)1/27/2005 9:05:30 AM
From: greenspirit   of 793868
 
res- A: If we were to go to a system that was entirely individual accounts, we probably couldn't have large backstop benefits to protect people.

Probably? Why? Some deep analysis there. I could have probably whipped up a better leftists ideological answer than that on the fly.

Many advocates of individual accounts would have something like a floor benefit level to protect people and private accounts on top of that, but that floor can be pretty low.

Yes it can. It's already very low. The reason many people want to change the model is to create wealthier people, give them more autonomy and control over the money they've put in, and acheive far greater success. What this supposed expert appears to be saying is "I don't like the government losing control of the system and empowering people, because we can't trust them". Typical liberal elitist thinking.
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