Let's be Doug's focus group, y'all
Enrique Diaz-Alvarez
enrique at anise.ee.cornell.edu
Thu Jan 21 20:15:51 PST 1999
John K. Taber wrote:
>
> Subject: Re: Radio Doug
>
> Doug said:
>
> Thanks. I wish I'd had the details behind his assertion that today's
> workers will get a negative return from their SS taxes. I suspect they use
> preposterously high real interest rates to deflate the value of future
> benefits
Wouldn't it be better to hammer the point that SS is _not_ an investment
program, and that talking about "rates of return" is absurd? It seems to
me that once you start arguing over interest rates, present value and
all of that you habe implicitly conceded the debate; in the public mind,
"stock market" and "highest rates of return" are indelibly one and the
same. And the privatizers have the numbers behind them, at least until
the bubble bursts.
Enrique
More information about the lbo-talk
mailing list