JDG wrote:
Well one important difference is that in the case of the former, the SSA,
by investing hundreds of billions in equities would be a pretty influential mover of equity markets. In the case of the latter, individualized
decision-making woudl presumably iron out those effects some.
Perhaps someone can tell me why that is a major problem. Not because I think you're wrong, I just don't know.
Other than that, though, there were a couple other important points in my post that were snipped.
JDG - Reconciling Pay-As-You-Go with Longer Life Spans, Increasing Health
Care Options and Medical Costs, and Decreasing Population Growth, Maru....
And if you had read the whole thread you would know that we have discussed the solutions to at least some of those problems - raising the retirement age gradually, tying benefit increases to cost of living rather than wages, and taxing 100% of SS for retirees above a certain income level.
As far as health care costs, the health care "crisis" seems to ebb with Dems in office and flood with Republicans in office. Easy solution there.
-- Doug _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
