Formerly About Advanced Micro Devices Message Board

STOCKTALK

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 : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Road Walker who wrote (217068)	2/3/2005 1:45:22 PM
From: Joe NYC	Read Replies (2) of 1571127

John, Having a flat to down market for 30++ years from any given point in time is certainly not beyond my imagination. Especially for a country with record public and private debt, and record current accounts deficits, all at the same time. What do you think the chances are that the retirees would get paid from the payroll taxes during a 30 year period of market decline? It would be a very different country from what it is today, and the first debths that would be repudiated would be the soft debts such as the unfunded SS liabilities. With a single vote in Congress, the promises to future retirees can be wiped out. If you are about to retire, Congress can say you get nothing on the day of your retirement. On the other hand, if you have a private account, money belongs to you. Joe

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next