From: Mark Steven Heyman (MarkHeyman@infoproconsulting.com)
Date: Fri Apr 29 2005 - 20:54:23 BST
Hi Khaled,
You are very wise to question the current administration's motive for
advocating radical changes to the current SS system. Think of it like
this: the wealthy people who are most interested in making these
changes will have absolutely NO need to cash their own SS checks. So
what do you imagine is their motive for wanting to shift people's
personal savings into the private sector?
But I am interested in the idea that our successful GWB endorsed SS
investments will allow us to pass wealth along to our children. If,
as the neocons constantly remind us, we must believe in the earn-
your-own-way, pull-yourself-up-by-the-bootstraps, no-favors-from-
nobody, self-made American entrepenuer, how do we justify wealth
inheritance of any kind? Doesn't this suggest that OUR children
somehow deserve more than others? This strikes me as a moral
violation, putting our biological need to favor our own gene-pool
above all others in our society. I kind of like the idea of cycling
wealth back into the public sector where, assumming it is properly
managed and not used to kill innocent people in say, Iraq or
Afghanistan, it might provide an economic foothold for children not
as lucky as mine.
Anyway, thanks for the great post.
Best,
Mark Steven Heyman (msh)
--
InfoPro Consulting - The Professional Information Processors
Custom Software Solutions for Windows, PDAs, and the Web Since 1983
Web Site: http://www.infoproconsulting.com
On 29 Apr 2005 at 8:20, khaled Alkotob wrote:
I am just going to examine just one point here. I have been hearing about
the SS issue and the reform it needs. Yes it does need changing, for one
thing people are living longer and the way the system is set up will be
bankrupt soon.
I had never thought of it in a way that if you invest it right, and don't
use all of it, your children get to inherit. Great point.
Unfortunately, while I support the effort 100%, I am very nervous of
having ALL my retirement in the private sector. Does Enron mean anything.
We already hear about the bad things companies do because "they have an
obligation tot heir share holders."
Here in California we are still recovering from the mess we got into due
tot he greed of the energy companies a few years ago. There are
documented phone calls and e-mails encouraging the shut down of
generation plants so prices can go up.
I don't want more government oversight into private businesses. I want
the private sector to have more Stewardship toward what the do.
So while SS needs fixing, i question the motive. This president, who
can't even pronounce the word "nuclear right", does not have the
intelligence to have initiated the reform on his own. There is a motive
somewhere behind it. Just like the medicare reform fiasco passed last
year. Yes it needed fixing, but now we find out that it was financed by
the drug companies.
Reforms not to favor the citizens but the private companies that can
benefit. This government, that wants the individuals to take
responsibility for themselves, tend to be in support of corporate
welfare.
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