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

To: TimF who wrote (327501)	2/26/2007 8:04:50 PM
From: Road Walker	Read Replies (1) \| Respond to of 1588343

re: None of which is an argument that you shouldn't or won't get the payments, merely that they aren't something you own. Canceling them wouldn't be a taking that would legally require just compensation. You "own" them in the same way that a farmer "owns" his income stream from price supports (in other words you don't own them at all). You are a young man, you obviously don't understand "the SS promise". That's what it was called. Real stuff, from our government. Now I would argue that the US government is more liable for it's obligations than the company that holds your 401K. If that company goes belly up, where do you turn? Is it still your money? Society is based on trust. Do I forget the promises made when I was a 15 years old kid and going to my first job, at 6 AM, scared of my own shadow, making two bus transfers through some of the worst 'hoods of Chicago, all summer long? Is that promise weaker than your 401K company that paid out multi-million dollar bonuses to their trading nerds this year? PS Price supports are a really bad analogy.