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

To: Amy J who wrote (212821)	12/7/2004 9:31:11 AM
From: RetiredNow	Read Replies (1) \| Respond to of 1574981

Hi Amy, Bush's plan is to privatize only a portion of it, thus the 4% to a max of $1K. You will still get most of your social security payout in addition to whatever that $1K per year grows into. So it is a net win for you and me. However, the ideal thing would be to privatize the entire amount we pay into SS. But Democrats would never let that happen. All Bush is trying to do here is to get the ball rolling. If he can get this small beach-head on privatization and people see that the world didn't fall apart and that they are better off, then that will open the door to more aggressive privatization.