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

To: TimF who wrote (327514)	2/26/2007 8:32:30 PM
From: Road Walker	Read Replies (1) \| Respond to of 1588367

re: None of that makes future benefits the personal property of the people likely to later receive them. What's the definition of "own". When you contribute to your 401K, it's on the promise that you will be able to withdraw those funds at a later date. If the company goes under, what happens? Do you "own" those funds? When I contributed to SS over 40 years, it was on the promise, from the US government, that I would get a defined benefit. Who should be more reliable, your 401K company, or the federal government? "Own" is a concept. When your paycheck is deposited in a bank it's matter of trust that you will be able to withdraw those funds. Bottom line, it's trust in society.