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To: AmericanVoter who wrote (11788)	7/16/1999 8:52:00 AM
From: James Thompson	Read Replies (3) \| Respond to of 19700

Amien - good morning. I agree that individuals should be permitted to invest their Social Security funds in the markets, I don't believe that the government should be the fund manager. Can you imagine the power political parties would use to leverage the markets through funds or individual companies by threatening to move huge amounts of money in or out of funds for political purposes. The government needs to be kept out of the fund management end of the business. The Public Employees Retirement System (PERS) in California is one of the best, if not the best managed funds of its type in the country. PERS is managed by a board that is arguably independent of state government. The money in the fund belongs to the state employees. PERS is constantly fighting off attempts by both parties to raid the fund. In fact Pete Wilson did manage to dip into the fund for a few billion. PERS sued and the state had to eventually pay the money back al at one time. ---- Sure am glad ENGA did not price this week. I have been involved in marathon meeting since Tuesday. I see very little of my computer during the business day. I am waiting patiently for CMGI to begin another upswing. Good luck, Jim

To: AmericanVoter who wrote (11788)	7/16/1999 9:56:00 AM
From: PDL	Read Replies (1) \| Respond to of 19700

Amein: Instead, let people "own" their own Social Security accounts and allow them to invest those funds (and employer's contributions) in independent funds that can make such investments and properly diversify risk for a retirement account. SS is the ultimate sham and shell game (or Ponzi-scheme) with Gen-Xers targeted as the primary fall guys. Think what your cumulative annual social security "tax" deductions (your withholding plus your employers) would be worth today in an S&P Index Fund? What are they worth today under the current system: you don't even know... and since you don't "own" that account, the government can (and probably will) have to reduce "benefits" in the future. What a system!