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

To: GraceZ who wrote (30674)5/4/2005 3:12:34 PM
From: The WharfRead Replies (1) | Respond to of 306849
 
My vote is on the individual common man deciding for themselves, not the elected official or special panel of experts or the dictatorial majority to make the best decisions over time.

>>You are right, however we live in an era where the individual common man basis too many decisions on the way it is packaged advertising. If they did not the profit structure we have within our nation would not be as great as it is. We advocate risk as means to wealth. When one applies that to the stock market social security seems necessary so the future is not stuck with the burden of the poor planning past.



To: GraceZ who wrote (30674)5/4/2005 3:19:05 PM
From: MoominoidRespond to of 306849
 
I'm pretty clear - option 1 is the free market solution whatever the distributional implication. I didn't say whether I like it or not. Aus's system leads to greater inequality than the US system of Social Security with a mixture of forced saving and low welfare payments. No developed country has the free market with no redistribution to deal with elderly people. It is an option, but every country has chosen not to go down that road.


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