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

To: Road Walker who wrote (212748)12/6/2004 7:54:55 AM
From: Amy J  Read Replies (1) | Respond to of 1573681
 
John, so you read my post, but couldn't find a smidgen of merit in asking people to contribute even a penny of their savings towards a matching?

Your solution is all take. Not even a penny worth of compromise to ask people to try to save, which is most unlike you.

At some point the frugal people might start thinking China (a country that saves 40%) fits them better than a country that selfishly and recklessly saves only 2%.

If our savings rate were 40%, people wouldn't be asking them to save more. But when the savings rate is irresponsibly only 2%, it's irresponsible not to ask people to save more.

Regards,
Amy J



To: Road Walker who wrote (212748)12/6/2004 10:02:46 AM
From: RetiredNow  Read Replies (1) | Respond to of 1573681
 
Your solution is something that will solve the symptoms of the problem for a short while, but not the root cause. The root cause is the fact that your money and my money is going not to an account for you and I, but to pay for retirees today. That is the definition of a ponzi scheme. As long as that structure exists, there will always be the need to continue raising taxes to support it. So your solution doesn't solve the problem long term.


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