SI
SI
discoversearch

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.
Politics : The Castle
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (275)11/11/2002 4:16:52 PM
From: MSI  Read Replies (1) of 7936
 
Privatizing

Better read the fine print first.
It's unlikely to have any beneficial impact.

Like most government proposals, another purely political distraction to avoid focusing on unprecedented looting of the government by this administration:

- It's proposed to be 2-1/2% of the total 12.9%

- There are sneaky provisions in the president's plan like the "clawback" provision, a little known and hardly ever mentioned feature. The account would cause a dollar-for-dollar reduction in the amount of Social Security benefits paid to the retired worker.

- the administrative costs of 140 million separate accounts would run an estimated 10 percent compared to Social Security’s cost of less than one percent. And, don’t forget the cost of commissions to buy stocks and bonds — Wall Street isn’t.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News