tag:blogger.com,1999:blog-11336670.post112695952783528900..comments2024-03-13T03:24:01.167-04:00Comments on Marginalizing Morons: What Social Security Crisis?CaptiousNuthttp://www.blogger.com/profile/14440029537418230507noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11336670.post-1164031987403166552006-11-20T09:13:00.000-05:002006-11-20T09:13:00.000-05:00As per Riesman's article...It's an recklessly fals...As per Riesman's article...<BR/><BR/>It's an recklessly false presumption that every company's objective will be to gain government approval for SS investment.<BR/><BR/>I have no doubt that any privatization of SS will be botched on many levels by the idiots in our government, however Riesman does not understand the stock market. Go find me one company today that even cares if pensions hold their stock. You can't. They are indifferent to shareholder ownership. Public companies can get additional capital from banks, bond markets, hedge funds, foreign investors, private equity investors, etc. I could elaborate a lot more but haven't the time.<BR/><BR/>I would prefer "cutting and running", the absolute end of SS today, but see a partial privatization as an improvement with other side benefits - like increasing stock ownership and perhaps economic literacy. There are plenty of other options besides stock investment that would be better, such as a real segregated trust fund holding today's 4.7% government bonds. SS is really starting to return only 1% overall.<BR/><BR/>Convincing the public how bad government has managed SS returns would pay dividends in the larger taxpayer/socialist war.CaptiousNuthttps://www.blogger.com/profile/14440029537418230507noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-1163996904692193932006-11-19T23:28:00.000-05:002006-11-19T23:28:00.000-05:00I supported the privatization of Social Security u...I supported the privatization of Social Security until I read <A HREF="http://capitalism.net/articles/soc_sec.htm" REL="nofollow">this</A>, by George Reisman. It's safe to say I never thought of it that way and I am guessing you might not have either.<BR/><BR/>Give it a look over, C-Nut, see what you think. As for me, I think the only way to go is to slowly abolish the program, like Reisman advocates.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-1127424080120452582005-09-22T17:21:00.000-04:002005-09-22T17:21:00.000-04:00I'm not a naysayer on the social security issue by...I'm not a naysayer on the social security issue by any means, but i still haven't really seen anything that convinces me that there is a looming crisis. Honestly it seems to me that the discussion has been very qualitative on both sides. Any links to read up on that truly make the case? What's convinced you?Anonymousnoreply@blogger.com