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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (17067)	11/11/1998 10:30:00 AM
From: IceShark	Read Replies (2) of 18056

Zeev, Yes, I believe Chile, or one of the halfway decent SA Countries, did it. I don't think the US can do it for the time being because they need the cash to fund the debt. Who knows how it would eventually work out net-net, but Treasury rates would jump, increasing the debt, higher rates would suck some money out of the equity markets, etc. I just don't think it is in the cards. More likely, some sort of expanded retirement plans and maybe try and hold SS rates steady (but this is a great tax because people swallow it much easier than plain 'ole income taxes). Regards, Ice

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