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Politics : The Citizens Manifesto
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To: RetiredNow who wrote (56)6/13/2005 2:52:27 PM
From: Road Walker  Read Replies (1) of 492
 
I like the idea of private accounts in principle, but I see two problems.

1. I don't think that the people in the bottom 20% could build a nest egg that would provide a subsistence income. Especially those that are currently approaching middle age.

2. How do we pay for the "transition costs".

It's not a pragmatic solution until we address those issues.

John
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