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Politics : Health care / Social Security / Medicare & politics -- Ignore unavailable to you. Want to Upgrade?

To: mrknowitall who wrote (7)	12/8/1998 7:30:00 PM
From: Who, me?	Respond to of 25

Mr. K., I agree! The fallacy that only rich people should be invested in stocks must be corrected. Today, many small investors are in the market but it's understanding that the market is much different for the long term investor like a 25 year old with an IRA invested in an equity mutual fund for the next 40 years! Wonder what his return would be! Better than Treasuries? Now, the devil is in the details!!! How do we get the 25 year old that's contributing to SS into equities with no choice but to contribute? The bureaucrats and politicians will write the laws but, you are correct, we cannot allow them to have access to the funds. Now, how do we do that? A Constitutional Amendment that need be ratified by 2/3 of the States that Congress shall write no law regarding SS funds for ANYTHING but distribution to SS recipients!!! We're talking 10-20 years here.....

To: mrknowitall who wrote (7)	12/8/1998 9:49:00 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 25

Mr K, Ah, the lesser of two evils. I'd pick the bureaucrats over the individual investor any day on the theory that they'd do less damage to the fund in the long run. Returns might be somewhat limited (write rules that allow them to invest only in certain mutual funds and blue chips), but that's preferable to some guy on the internet trading in and out of BB stocks in his SS account. KJC