Re: Solution to Soc Sec problem

From: tonyp (tonyp_at_world.std.com)
Date: 01/24/05

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    Date: Sun, 23 Jan 2005 22:16:44 -0500

    "Mason A. Clark" <masoncNOT@THISix.netcom.comQQQ> wrote

    > Have the government invest the SS fund in private stocks
    > and bonds, rather than in treasury bonds as it does now.
    >
    > That is to say, invest in the growth and profits of the
    > economy.

    The government can _tax_ the "growth and profits of the economy". Instead
    of collecting "dividends" to redistribute to retirees, it can collect
    _exactly_the_same_amount_ of money as "taxes" and redistribute it to
    retirees. As far as "the economy" is concerned, the same amount of money
    remains available for investment in either case.

    So, if you do expect "growth and profits" in "the economy" you don't have to
    put government in the business of picking winners and losers. If you
    _don't_ expect "growth and profits" then it doesn't matter whether you call
    the government's take as "taxes" or "dividends" -- it will be inadequate
    either way.

    --Tony P.

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