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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Thomas C (Hijacked) who wrote (22639)	7/29/1998 1:56:00 PM
From: Jim S	Respond to of 94695

I'm for the privatization of SS too, but with a LOT of caviats. For example, there should be at least a 10-year phase in of the funds. There has to be some well-defined limits on what securities would be eligible, selected not only for return, but for stability. Once a predetermined reserve level is built up, a portion of the fluctuations in fund gains and losses should be passed on to recipients. Further, there are far too many people too stupid, lazy, or greedy to have their own tax-deferred retirement accounts. Some portion of SS payroll deductions (say, 2 1/2 - 5%) should be a mandatory self-directed retirement account that individuals have control over. Some people would be able to make this small 'contribution" into a more valuable asset than the other 95+% of their payroll deduction. Sure, some wouldn't; that's the difference between rich and poor, isn't it? good trading, jim