PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: chalu2 who wrote (19271)	5/20/2000 9:49:00 PM
From: greenspirit	Read Replies (1) of 769670

I still fail to see the logic in your position that allowing people to place a mere 2% of their social security into private investments, somehow threatens their financial situation. It's far more likely to enhance their financial health and awareness then to destroy it. Even in a worse case scenario, would they really be that much worse off? Allow me to build a scenario to illustrate my point. Let's say someone completely blows the 2% not given to the government. What do you forsee the differential between a person who loses the 2% and a person who decides not to participate would be? In other words, a person hasn't lost ALL of his social security. He merely loses that 2% potential investment. That 2% less invested when compared to MOST of the retires receiving social security today, still represents a MUCH larger percentage of invested dollars. Therefore, all we have really done is lessoned the amount of life energy transferred from the younger generation to the older generation. And gone back to something closer to what the older generation had withdrawn from their paycheck. Michael

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