Soft privatization

Seth Ackerman SAckerman at
Fri Jul 31 08:56:09 PDT 1998

I entirely agree. I was just exploring some hypotheticals.

Seth Ackerman FAIR

> -----Original Message-----
> From: Doyle Saylor [SMTP:djsaylor at]
> Sent: Thursday, July 30, 1998 9:20 PM
> To: LBO
> Subject: RE: Soft privatization
> Seth Ackerman
> I can accept that there might be undesirable consequences from pouring
> billions into the stock market, and that there would be no boon to
> real
> investment, but I don't see why there would be commissions (presumably
> the trust fund would hire its own managers) and I think it's a little
> dogmatic to oppose it because it's "giving something up." As long as
> Wall Street doesn't get its mitts on the loot, isn't that better than
> raising the most regressive tax? (Of course, doing nothing would be
> best
> of all).
> Doug
> Have we all given up on even talking about what needs to be done,
> putting aside for the moment its attainability? We need a equitable
> system of income distribution (forgive the politicalese) for all ages.
> What you get from the program shouldn't depend on years worked or
> lived. This is simplistic, but sometimes you have to state the
> bleeding
> obvious so you don't forget it.
> Doug
> Sometimes compromise is necessary. But if you don't move back to your
> absolutist (no pejorative in my book) position immediately, you're
> going
> to find yourself on the waterslide of phony pragmatism. I may be just
> an ex-Baptist from the great and sovereign state of Mississippi who
> heard something different from what my pastor wanted me to hear, but
> we
> need to hang onto what we believe should be, and not spend what little
> time we have devising clever schemes for divvying up the crumbs.
> Doug
> So there.
> Doyle
> Just to chime in here, we need to keep from swallowing the idea that
> it
> will happen whether we want it to or not. Social Security is damn
> important to a lot of people. It won't take much to get these people
> riled up! Max makes the point that the sound bites around SS are
> easily
> countered if we can make people understand how counterproductive the
> proposals are. Let's get cracking and awake as many people as
> possible
> to this gigantic rip-off scheme.
> regards,
> Doyle Saylor

More information about the lbo-talk mailing list