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

To: EL KABONG!!! who wrote (9)	12/8/1998 10:21:00 PM
From: mrknowitall	Read Replies (3) \| Respond to of 25

Kerry - You're right about some individual investors - there need to be controls to prevent bozo's from throwing away their future. What if a "pool" fund were to be established sort of outside of the normal, traditional markets, something akin to what insurance companies do to protect themselves from high risk policies - they "reinsure" in a pool. In this recommendation, a non-partisan steering committee/board of mostly private citizens (i.e., one-year service) offers $X billions of SS dollars to be handled by a pool of mutual funds (who guarantee at least the treasury interest rate of return + some basis points) with no single fund able to obtain more than a 10% majority of the total investment. Each fiscal year, funds are reviewed and the top 50% are renewed and the bottom 50%'s share of the pool is offered for re-bid. Each SS contributor personally elects between 1% and 25% (or more?) of his or her SS contribution to be managed by the pool fund. Thoughts, anyone? Then again, what about medical issues . . . Mr. K.