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

To: Neeka who wrote (102691)	2/28/2005 8:38:26 PM
From: kumar	Read Replies (2) \| Respond to of 793955

<invested in a conservative index of stocks and bonds ... The investment would grow> There is something I am missing - who is the guarantor that the money would grow ? if stocks & bonds were guaranteed to grow (ie no downside risk), Mr O'Neil is onto something I dont know.

To: Neeka who wrote (102691)	2/28/2005 10:03:26 PM
From: Triffin	Read Replies (1) \| Respond to of 793955

moenmac .. Very interesting idea .. I disagree with the conclusions of David John at the end of your post that .. "The problem is that doesn't start to change things until 2060 or 2070, and the real crunch with Social Security is long before that," John said. The O'Neill plan also "sends a signal that your own efforts don't count in life, that people give you money and you can depend on the kindness of strangers." Presumably the participants will also be wage earners over a period of years and paying some amount of payroll taxes in excess of the initial $36,000 investment back into the system .. 47 years of compounding this investment is potentially very powerful .. Hope this is given serious consideration .. Triff ..