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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (30623)	5/3/2005 8:51:10 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

A more pragmatic view of forced savings suggests that it is less expensive for the public to use government to force everyone to save for retirement than it would be to provide welfare for that portion of the population which did not save. People also forget that Social Security was created to provide for the retired who had lost all of their savings in the collapse of the stock and bond markets and the failure of the banks. People designing a retirement system who forget this history will learn again through repetition. .