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Politics : PRESIDENT GEORGE W. BUSH

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To: Steve Dietrich who wrote (275800)7/15/2002 11:58:47 PM
From: greenspirit  Read Replies (1) of 769670
 
Why not alter Social Security into a personal savings account where you keep 7.5% and the government keeps 7.5% for the truly needy elderly?

Win-win.

You win because you can actually control some of the assets and pass them on to your family if you die. You win because placing the money in a passbook savings account would be better then leaving it in this Enron like government ponzi scam. You win because the government takes less from the citizens, and the citizens can invest it in the stock market, which helps American business grow.

The government wins because the government in actuality is the people. If the people do better, the government does better.

Win-win...

Works practically every-time it's tried.

Currently the system is a lose win. Because, the system is not sustainable in its present form. We (who are paying in to the system) will either lose a lot of our benefits in the future, postpone the age requirement quite dramatically, or raise taxes on the young more and more.

That's the honest way to argue it.

In regard to your education choices. If you're already paying on average 6K dollars per student to attend government schools, that seriously limits your ability to pay out of your own pocket to a private school. Therefore, the system is perfect if you're wealthy enough to afford government schools for your neighbor, and private schools for your own kids. Keep those poor kids out of my children's classroom is the battle-cry of rich Democrats like Al Gore and Hillary Clinton.

In regard to parents paying who don't have children. If the system was closer to a private system like vouchers, it would cost less. So we would lesson the burden on citizens who don't have children. Further, an educated population benefits indirectly all Americans.
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