Personally, I think Social Security only works well in a society where people do not take care of their elders very well. And I mean on the family level. Me, I have to take care of my mom till the day she dies! It's kinda like an honor system. She raised and took care of me so that I will get a good job and take care of her. And I could also use that money that would've gone to SS for a brand new car :)
It's more of an obligation really. -----Original Message----- From: Marlon Moyer [mailto:marlon@;mcmoyer.com] Sent: Monday, October 21, 2002 3:20 PM To: CF-Community Subject: Re: More on social security > > >It's not an easy problem to solve, but the argument that private investing >could somehow return a lower % than SS is invalid in every possible way. > > Jeez Cameron, what kind of financial planner have you been talking with. How can you say that it's invalid to have a lower return. If I invested in Enron for the last 20 years, I guarantee that I'd have a negative portfolio now. This is definitely an extreme case, but I'm just illustrating that bad investing can make negative returns. Marlon > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/index.cfm?sidebar=lists&body=lists/cf_community Get the mailserver that powers this list at http://www.coolfusion.com
