I agree about bread lines, and I was not at all suggesting privatizing
was a good idea: it's mad. I was only noting that if you can do the
math, you see why it's mad.
>>> [log in to unmask] 02/23/05 9:59 PM >>>
In a message dated 2/23/2005 6:31:38 P.M. Eastern Standard Time,
[log in to unmask] writes:
No one doubts this in other fields. Patients may have views of any
doctor, but it really takes a specialist in brain surgery to know if
another one is qualified. "Anyone" may have views on the
of social security, but unless they know what economists can document
the data and financial impact, they cannot really "assess" its
impact. We all drive cars, but whether they are really safe in their
design takes engineering knowledge. This dismissal of knowledge is
simply anti-intellectual and silly.
I'm not an economist, but I can tell you with certainty that if they
privatize social security AND allow elderly people to take it out as
then we will have a society of old people on the streets in bread
Privatizing part of it and giving people the option of "safe"
investments may be
okay, as long as they cannot withdraw more than a certain amount per
when they reach retirement. Otherwise, there will be many elderly
people who be
victimized by their desperate children and friends and scam artists and
will end up with no income at all. As for brain surgery, I'd stick