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

To: neolib who wrote (215316)	1/18/2005 3:37:39 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1573941

Well, I don't remember assuring you of anything. However, I didn't think $1K per person would be a big impact. But it looks like this guy has done the math and it comes out to a sizeable new inflow of money into the stock market. To contradict you, though, the stock market is not a ponzi scheme. It may feel like it sometimes, but the stock market is a true supply and demand market with some inefficiencies. A ponzi scheme, however, is specifically designed to enrich the first 1% of the participants at the expense of the other 99%. A very powerful argument for moving social security money into the stock market is to give the participants a better return. Another one is that this introduces new liquidity and demand in the stock market, which has a multiplier effect on the efficiency of our economy as well as spurring new economic growth.