Intel Corporation (INTC) Message Board

STOCKTALK

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 : Intel Corporation (INTC)

INTC 35.10

+2.3%

Nov 19 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: willcousa who wrote (103359)	5/12/2000 5:24:00 PM
From: Joe NYC	Read Replies (1) of 186894

willcousa, Remember that the average return to a social security recipient on the dollars he or she invests is abysmal. If the system were merely changed to put all of the money into bank CD's and bar invasion of the funds prior to retirement for any reason the public would be better off. Again, it doesn't make sense to talk about the return on the money paid into social security, because the money is not invested. The minute your dollar comes in, it goes out. We can blame the person who started the system (FDR) who gave benefits to people who did not contribute. But he is happily resting in peace. It was up to the subsequent generations to fix this, but no one had courage to touch the system. It will take a long and painful transition to change from FDR's pyramid scheme to a fully funded retirement system. The later we start, the longer and more painful it will be. Joe

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next