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Pastimes : Let's Talk About Our Feelings!!!
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To: Grainne who wrote (68692)12/26/1999 2:15:00 AM
From: greenspirit  Read Replies (2) of 108807
 
There are wonderful people teaching today. I'll bet even in San Francisco. But they're stuck in a system which is not responsive to their needs. Some of the best teachers quit, not because of money, but because of frustration with the system.

Regarding privatizing social security...

Often times when a person enters their first job which offers a 401K plan they have very little knowledge of investing. But now, since they are given the responsibility to invest, they seek out knowledgeable people and try and learn what they need to learn to be successful. This access and responsibility, creates a re-inforcing feedback loop which encourages people to attain investment knowledge.

Creating this need, by privatizing the system, would also effect the educational system. Since everyone would be responsible for their own retirement nest egg, undoubtedly the schools would respond and offer investment courses.

We live in a capitalistic society, yet young people graduate with masters degrees every year not knowing the difference between an IRA, 401K or Mutual Fund. Something is already missing from our schools. Privatization would help alleviate this knowledge gap.

You underestimate the abilities of Americans to learn and grow.

Michael
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