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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (24514)	1/12/2005 4:46:00 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 110194

<<And who benefits most from a stable society? The wealthy, of course. So who should pay for retirement insurance?>> It's a bit of a stretch to claim that the "wealthy" benefit more from a stable society than middle class or poor. If there is turmoil, economic upheaval and/or high crime rates, the poor usually suffer disproportionately. The rich can simply buy private armies or redistribute police coverage to insulate themselves (or build gated communities, or buy more valium and sinsemilla, etc, etc....)

To: CalculatedRisk who wrote (24514)	1/13/2005 6:12:39 AM
From: Oblomov	Read Replies (1) \| Respond to of 110194

OK, if SS is retirement "insurance", where are the loss reserves? Also, note that in less stable societies the affluent just hire private police forces, live in gated communities, and pay off the local constabulary to stay out of their way. Truly the poor have never had it so easy as they do in the modern Western welfare-warfare state.