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Politics : Formerly About Advanced Micro Devices
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To: Amy J who wrote (212695)12/5/2004 1:07:59 PM
From: Road Walker  Read Replies (3) of 1573433
 
Amy,

re: How's that?

Not bad... but there are a few things that i really don't understand about your generations.

"(No one from my generation believes for a second they'll even see a penny of their SS"

I really don't understand this cynicism. I've paid into SS my whole life, and I've always expected to get the benefits. Why is your generation so cynical?

re: Why not create a matching contribution - so people have the incentive to save for themselves?

I work for a company that matches 401K contributions. NONE, literally NONE of the young people contribute. I've taken it upon myself to convince them of the wisdom of this, to no effect. Even going to far as saying "give me a $20 and I'll give you back $40"... no effect. What's up with that?!?

I'm just not sure a voluntary system works. And if it doesn't work, when your generation retires, things will be dire.

In principle, I like the idea of privatization of SS. The best part is that you increase the savings rate in this country, which is critical, maybe even in crisis.

But we simply can't afford any more debt, which I think will become very obvious in the next several years (if not months). And, for some reason, younger folks can't seem to recognize a great deal when it slaps them in the face.

John
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