Print

Print


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.  
Nancy


>>> [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 
one
doctor, but it really takes a specialist in brain surgery to know  if
another  one is qualified.  "Anyone" may have views on the 
privatization
of social security, but unless they know what economists can  document
on
the data and financial impact, they cannot really "assess" its 
long-term
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
they  please, 
then we will have a society of old people on the streets in bread 
lines.  
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
month 
when they reach retirement.  Otherwise, there will be many  elderly
people who be 
victimized by their desperate children and friends and  scam artists and
they 
will end up with no income at all.  As for brain  surgery, I'd stick
with the 
experts.