Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (215311)	1/18/2005 3:20:09 PM
From: tejek	Read Replies (2) of 1573956

Interesting article on the stock market impact of money flows from social security moving into the stock market: yahoo.smartmoney.com I say "home" because stocks are the natural place to invest for people with very long time frames — such as people investing for their retirement. Right now all that Social Security retirement money is invested in intermediate-term Treasury bonds, and any financial planner would tell you that's just plain bad asset allocation.... Today, polls consistently show that most younger Americans don't believe they will ever get their Social Security benefits when they retire. For them, all those taxes are perceived as just a deadweight loss. With personal accounts, workers know they will get something out of Social Security when they retire — because they can see their account growing every day. And it's their account — their property. Who convinced "younger Americans" that they won't get their SS benefits? The same guy who brought you WMDs in Iraq. Need I say anymore. ted

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