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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Grainne who wrote (68597)	12/25/1999 10:52:00 AM
From: nihil	Read Replies (1) \| Respond to of 108807

I don't know about that. Well-managed socialism can be tremendously profitable. Why shouldn't the government be able to make as much investing in startups and other hitech companies as Intel and CMGI? Here is laboristic Hawaii, the public employees pension fund run by elected representatives of the various unions, has quadrupled in the past 5 years. The state invested $475,000 in a little local hitech startup -- something called Digital Island, and they now have $60 million worth of stock on their hands. I say double down. Click in in there Mr. Big. The Trust Fund if well managed and invested could pay for everyone's retirement, but if it were privatized, forget it. Imagine the crooked mutual fuds and insurance companies investing in NYSE stocks or S&P 500 index funds. We need action. Put it in CMGI and QCOM and the like. Go for broke!

To: Grainne who wrote (68597)	12/26/1999 1:17:00 AM
From: greenspirit	Read Replies (2) \| Respond to of 108807

I believe most conservatives would rather see our current social security system turned into something similar to a 401K. Where it is controlled by the individual. 401K and other such plans have had a tremendously positive effect on the economy, individual wealth and empowerment. The current socialistic system where .35 cents of every dollar collected goes into administrative overhead is being vigorously defended by the Democrats in Congress and the two people running for President. If a mutual fund abused it's shareholders like that they would be tossed in jail for mis-management or fraud. When you come right down to it, liberals simply believe the average American is too stupid to run his or her own pension fund responsibly. Perhaps, if they had more faith in the government school system they admire and defend so much, they wouldn't believe that way. Kind of a strange contradiction wouldn't you say? Michael