Fighting SS privatization (was Re: The Nation - Selected Editorial)

[Enrique Diaz-Alvarez]

Max Sawicky wrote:
> 
> The problem for advocacy in this area is that any
> explicit proposal for a tax increase to finance the
> existing system is a political loser.  That's because
> the public thinks privatization will give them gain
> without pain.  

Exactly. Since the stock market is like a savings account paying 30%
interest, why not put all SS money there?

The best way to fight it, I think, is stall the whole thing until the
bubble bursts. Should be any time now.

Alternatively, one could try to explain to people that the stock market
will _not_ give 30% returns, or even 15% or 10% real returns, forever.
I've tried to, and don't recommend it. Very painful.


> 
> MBS

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