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.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: aknahow who wrote (159174)	7/9/2001 11:42:49 AM
From: CYBERKEN	Respond to of 769670

Privatization is still a small phenomenon that has been growing like a hardwood sapling for about 15 years now. It will eventually dominate the landscape, but it's a gradual process. If Bush manages to get even a tiny partial privatization passed during his presidency, it will send shock waves through the liberal establishment. There are three general groups of voters, as well as some in betweens on Social Security opinion: 1) The older 30's generation, for whom Social Security has been nothing less than a religious cult. This generation is fading very quickly and is far less of a factor than even 10 years ago. The interesting subgroup is the "late" pre-boomers, who have seen their private investments grow in the 80's and 90's, and have begun to realize what a bum deal it is to have imaginary investments with the government. 2) The boomers, who are basically split half-and-half on Social Security. The reason for the split is, while they fully understand what a fraud the whole thing is, they are too close to collecting on their middle-level of the pyramid to accept complete reform. 3) The "X" and "Y" generations, who easily view the entire setup for what it is: a Ponzi scheme designed to collapse. Some of these people will get a small portion of their money back, but not enough to influence their thinking, as with the boomers. As the 30's generation fades from the electorate, the "X" and "Y" folks mature and begin to give more consideration to how their nation is run. Within the next 3 to 5 election cycles, Social Security privatization will take on a momentum that will send Democrats scrambling for a new position, while most Republicans are already on the high ground...