Soft privatization

Seth Ackerman SAckerman at FAIR.org
Fri Jul 31 12:45:21 PDT 1998


I don't see why the redistributiveness of SS would have to change just because the trust fund invests in stocks.

seth ackerman FAIR


> -----Original Message-----
> From: John K. Taber [SMTP:jktaber at onramp.net]
> Sent: Thursday, July 30, 1998 7:51 PM
> To: lbo-talk at lists.panix.com
> Subject: Re: Soft privatization
>
> Seth Ackerman wrote:
> >
> > Do I gather that Doug and some others see equity purchases by the
> trust
> > fund as unacceptable? True, there's no urgent need for reform. But
> isn't
> > that a more palatable one than tax increases/benefit cuts?
> >
> > seth ackerman
> > FAIR
>
> Perhaps not. It moves Social Security away from a broad based social
> insurance system to a pre-funded pension system.
>
> I prefer the former.



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