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Politics : Politics for Pros- moderated
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To: Neeka who wrote (102691)2/28/2005 10:03:26 PM
From: Triffin  Read Replies (1) of 793912
 
moenmac ..

Very interesting idea .. I disagree with the conclusions
of David John at the end of your post that ..

"The problem is that doesn't start to change things until 2060 or 2070, and the real crunch with Social Security is long before that," John said. The O'Neill plan also "sends a signal that your own efforts don't count in life, that people give you money and you can depend on the kindness of strangers."

Presumably the participants will also be wage earners over a
period of years and paying some amount of payroll taxes in
excess of the initial $36,000 investment back into the system .. 47 years of compounding this investment is potentially very powerful .. Hope this is given serious
consideration ..

Triff ..
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