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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (180739)	1/18/2004 3:51:48 PM
From: Amy J	Read Replies (1) \| Respond to of 1572101

Hi Tejek, One key problem this report alludes to is - how do you bump up the wealth of the middle class, as millions of overseas middle class workers come online in the next ten years? To solve the issue in this report, and to address the upcoming job assault on the middle class say 3 downturns from now, I think this country really needs to turn all Americans into investors - so they gain with the change, rather than become a victim of the change. This becomes especially important in about 2 to 3 downturns from now, when India & China will be fully online with a million or so more people. The middle class can be preserved by turning each person here into an investor. This is why I like this proposal: -------------------------------------- story.news.yahoo.com (Probably the only Bush proposal that I think I like) As a candidate, Bush said he would shore up future funding for Social Security by giving workers the option of staying in the current retirement system or investing a portion of their Social Security taxes in individual retirement accounts. Workers who chose to invest would receive a smaller Social Security benefit when they retire, which would be supplemented by earnings from their investment accounts. Bush also is considering whether to renew his push for lifetime savings accounts that could be used for any purpose, with tax-free withdrawals, and for retirement savings accounts in which money could not be withdrawn tax-free until the accountholder reached a set age. As originally proposed last year, contributions to the accounts would not be tax-deductible. Yearly contributions would likely be capped at $7,500. -------------------------------------------- Regards, Amy J