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Pastimes : Let's Talk About Our Feelings!!!
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To: Grainne who wrote (68597)12/25/1999 10:52:00 AM
From: nihil  Read Replies (1) of 108807
 
I don't know about that. Well-managed socialism can be tremendously profitable. Why shouldn't the government be able to make as much investing in startups and other hitech companies as Intel and CMGI?
Here is laboristic Hawaii, the public employees pension fund run by elected representatives of the various unions, has quadrupled in the past 5 years. The state invested $475,000 in a little local hitech startup -- something called Digital Island, and they now have $60 million worth of stock on their hands. I say double down. Click in in there Mr. Big.
The Trust Fund if well managed and invested could pay for everyone's retirement, but if it were privatized, forget it. Imagine the crooked mutual fuds and insurance companies investing in NYSE stocks or S&P 500 index funds. We need action. Put it in CMGI and QCOM and the like. Go for broke!
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