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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Rambi who wrote (610)	6/9/2005 6:36:10 PM
From: TimF	Respond to of 543993

I think the government got in to it because of the thought "We can't let the people lose their pensions and have nothing to live on..." Edit - Of course you could have private pension insurance, but it would be more expensive (having to meet the real costs and trying to make a profit, rather then providing a subidy), and it probably wouldn't be mandatory. If it was mandatory than it would probably be heavily regulated and we can get some of the same problems (including direct government bailouts of the pension insurance companies should they fail). If it wasn't mandatory a lot of companies wouldn't sign up for it. Tim