Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: benwood who wrote (23870)	2/18/2005 8:46:46 AM
From: yard_man	Read Replies (1) of 116555

>>.So then the reason to privatize is...?<< make the state-sanctioned wealth transfer more efficient?? I think the main underlying thesis is laughable -- move the funds to vehicles which give greater returns?? If the assets really do return more -- the income will certainly buy less. How about real privatization?? Eliminate the SS tax -- let people keep their money -- pay the remaining folks up to some age out of the general IOU fund. That's privatization. If there ever was a misnomer "privatization" is it. Every aspect of this puts more control in the hands of the state. White is black and black is white -- just say it enough times and folks will adopt the langauge without question. Just like calling an illegal occupation "liberation" and the deprivation of a country's sovreignty "building democracy."

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