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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (24499)	1/12/2005 3:17:15 PM
From: Knighty Tin	Read Replies (2) of 110194

I am still in favor of raising the maximum salary paying social security taxes to infinity. The idea that a guy making $97,000 should pay SS taxes on his entire income and Michael Eisner making $30 million should have SS taxes on only $97,000 of his salary makes no sense. That won't solve the problem, but it'll sure make me feel better about Eisner and will make the problem much less formidable. <G> Privatization is a joke. I am no fan of pension fund managers, but they are pro investors who are less emotional than average joes because it isn't their money. Private pensions are in the toilet and have been for decades. To think that the average American can out invest pension managers is nutso. Many individuals can, but the average American, no way, Jose. So, on average, they are going to perform worse or at least no better than the guys who have lost their shirts managing major pension funds. On the other hand, I stand to make a lot of commissions on the privatization scam, so somebody wins. <G>

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