Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : It's the Economy- Stupid -- Ignore unavailable to you. Want to Upgrade?

To: ztect who wrote (18)	6/27/2000 2:17:00 PM
From: Zoltan!	Respond to of 65

>>In that vain, I'm a little concerned about money being taken from the social security system for an individual to privately invest as he chooses not because I don't think people should be given the right to make their own decisions, but because Social Security isn't really a "savings" system. Money a 25 year old puts in through taxes doesn't sit in a bank accruing interest. That money is immediately transferred to some one over sixty five. If too much is transferred, as the population greys, will Social Security taxes have to be raised to meet any short falls? No need to fear - it's designed like the Federal program for their employees. People will have a choice of investments - there won't be opportunity for crazy trading. It will be voluntary - you can keep your money entirely w/in the failing system as AlGore the Junior demands. Further, it will be limited to @2% - so no one would deprived of anything. So, your FUD is just that, FUD.

To: ztect who wrote (18)	6/27/2000 4:36:00 PM
From: Mama Bear	Respond to of 65

The Libertarians would do away with the socialist security system. "I am running for President because you shouldn't be forced to put 15% of your income into a bankrupt Social Security system. I believe you are better able than any politician to plan for your future -- and you certainly care more about it. I want to sell off unneeded federal land and other assets to finance secure, fully paid-up, private retirement accounts for today's Social Security recipients -- and free you immediately from the 15% tax." Regards, Barb