December 20, 2004

Recommended Reading:

More on Social Security "reform"

    By Jack Grant

Another person whose thinking aligns with of my theory on Social Security "privatization" has written a column.

Privatizing Social Security should scare you

The idea assumes anyone can invest successfully -- and threatens to destroy the safety net for which Social Security was originally created. Yet privatization is being spuriously packaged as 'reform.'

By Bill Fleckenstein

If Mr. Market was easy to understand, we'd all become rich. But notwithstanding his inscrutable ways, there are pundits aplenty offering their opinions to anyone who will listen. It's a problem for folks sifting through all these opinions, as they try to discover the ones that will make them better investors.


There's more... I'd suggest reading and then thinking about it a while.



Posted by Jack Grant at 21:09 on 20 December 2004
Comments

I contend that if say to next year's 18 year old, "give us 15% for the traditional SSI, or prove that 15% is going into an approved IRA" that the kid is better off with the latter.

How is that even debatable?

Posted by: Key at December 20, 2004 10:44 PM



























































































































































































































































































































































This is an individual entry
if you want the main page
click below:

email me at:

Random Fate - latest posts

We don't handle randomness well.
   -Dr. Lucy Jones


Trying to hold the center in not so quiet desperation while the left and the right do their damnest to tear everything apart.

What Others Say
An American transplanted to France for the moment, Jack is sometimes conservative, sometimes liberal, and almost always right.
   -Pennywit

Jack has an impressive knowledge of history, politics, and Keanu Reeves. When it comes to pirates, Jack is waaay sexier than that pansy Dread Pirate Roberts. Oh, wait--I'm thinking of Jack Sparrow...
   -Jennifer (Jennifer's History and Stuff)

Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the center cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
   -William Butler Yeats, January 1919


Do not condemn the judgement of another because it differs from your own. You may both be wrong.
   -Dandemis

Wahabism Delenda Est
Wahabism must be destroyed.
-John Donovan, 12 May 2004