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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Valley Girl who wrote (53065)	11/18/2000 10:25:23 AM
From: Harvey Allen	Read Replies (1) \| Respond to of 74651

VG- (OT) Social Security Reform I've been subscribing to the "ain't broke don't fix" school which is foolish. From this week's economist: The pensions time bomb But the debate about shoring up Social Security has become bolder in recent years, and during the election campaign Mr Bush promoted the once-heretical notion of partial privatisation. He proposed siphoning off 15% of payroll taxes to help workers establish individual accounts that could be invested in stocks, bonds or a mix of securities. The plan, requiring a diversion of $1 trillion from the Social Security trust fund, was attacked as reckless by Al Gore and others. But Americans might be surprised to learn that some of the older welfare states in Europe are restructuring their pension systems in similar fashion. Hybrid pensions—part privately invested, part pay-as-you-go—have emerged in places such as Sweden, where individual accounts link a worker’s contributions over a lifetime to the benefits he or she ultimately receives. economist.com