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Strategies & Market Trends : Roger's 1998 Short Picks
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To: HiSpeed who wrote (17104)1/20/1999 10:57:00 AM
From: Marconi   of 18691
 
Hello HiSpeed:
Agreed--bad idea for the government to decide where to invest. A rule of thumb. Even the most well-intentioned fed programs become corrupted in about 10 years--where the mentality shifts to its our (the feds) money and you had better jump our hoops or else. A better alternative would be to expand Roth IRA's (millions of minds deciding--very American!!) and allow a deduction for Social Security taxes for Roth IRA activity--sticking with the traditionally byzantinely deformed tax code ways of offsets.
Best regards,
m
BTW, I would hate to see something like the SSA funds become a football for the guys in league with those who print our money. Mr. Greenspan is a relative respite--a statesman of a banker. There will be others of much lesser caliber in the future where the allure of Washington politicking will factor in more prominently than sense, reason, and purpose.
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