Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (217373)	2/5/2005 12:20:58 AM
From: TimF	Read Replies (1) of 1571401

In fact I would bet even money that it will be down in a 30 year period over the next 100 years. I'd take that bet except we will probably both be dead 100 years from now. What "doomsday scenario"? In a 30 year flat to down market, companies will still earn money, spend money, employ and pay people, the economy will continue to function. But people's "private" SS accounts will be destroyed by inflation. In a 30 year flat to down market the odds are against there being the type of economic growth that would be needed to continue the projected level of social security payouts without large tax increases which could make the general economic situation even worse. Also "private account" doesn't equal "100% stock account". Tim

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