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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (91211)	12/18/2004 6:25:29 AM
From: JDN	Read Replies (2) \| Respond to of 793778

IMHO if the govt had somehow REQUIRED people to save, with or without their employers kicking in 10% of all they earned over their working lifetime, into an IRA type investment we would be a nation of retired MILLIONAIRES. I did that and it worked for me, but then I had a Scottish uncle who taught me at a tender age. jdn

To: LindyBill who wrote (91211)	12/18/2004 6:25:34 AM
From: LindyBill	Respond to of 793778

One concept of revising SS that I have not seen gone into with much detail is that any bonds that have to be sold to cover the difference in SS income will be balanced by the creation of new capital in the market. A 4% drawdown will be balanced by a 4% investment. This is going to have an enormous effect on our productivity, it seems to me. New capital to invest is fungible. The market will regard it as an enormous increase in buying power for all types of financial instruments.