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>
> >And of course he had his agenda too. He went on to give a plug for
> >everybody's favorite tradergirl-esque presidential candidate, saying
> >that social security as defined by bush (fuzzy as it may be) would
> >further bolster the stock market with an influx of cash and that the
> >stock market was acting positively to that. Of course, this is about
> >as close to price fixing as it gets and the assumption here is that
> >this could protect the US from a prolonged bear market.
>
>
> The objective of allowing us to invest part of our Social Security money
in the market is so that we all will have more money to spend in retirement.
But I sort of wonder where all of that extra money is going to come from...
>
> Sounds a bit like a perpetual motion machine to me.
>
The problem is that we HAVE no money in SS. All the social security taxes
we have paid have been transfered to others. This is merely another
socialist welfare system. You hit the nail on the head, Bob- where IS the
extra money going to come from? It certainly won't come from retirees. No
siree. Nor federal workers- they have their own nice separate fund so they
could care less about SS. It will come from anyone that earns a paycheck,
and then SS will "invest" it, come hell or high water, in stocks whether we
want them to or not. That this is a PoNzI scheme is an understatement. It
might be more like an additional fee of mafia "insurance" collected from a
new stiff for his "benefit".
Don Roos
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