RE: Ms. W.'s Discussion Questions.

[Javier Jimenez <jimenj@yahoo.com>]

>>>>>> James wrote:
>>>>"But, let's even assume the privatizers are right about how
everyone will earn 6 percent real annual returns by the year 2050.
Let's now suppose that the Dow Jones from 2000 to 2015 does no
better than it did between 1967 to 1983 -- in other words, that it
goes nowhere. In fact, the real value of the Standard and Poors
Index fell about 40 percent in that period. Forget economic theory.
Imagine how Americans would react politically to finding their
retirement holdings have not appreciated as 'promised'."

Peterson thinks there might be a political problem in the 'cohort'
risk? Oh no, what will Andre and Javier think of that. More:
<<<<<<<
This is one more example of the socialistic attitude of equality
that permeates the status quo supporters.  Noone is "promised" me
anything in terms of returns from my investment in the private
markets.  Under a private system, if I though that it would be too
risky to invest in the markets I would have the CHOICE of investing
in treasury bonds, corporate bonds, or a plain bank cd type
instrument.  Why do you think that all people will be forced into
the stock market?  Perhaps, you have grown accustomed to someone
taking care of you and telling you what to do with your money that
you are too short sighted to realize other opportunities.  Read my
lips, the stock market is not the only place that you can put your
money into.  No-one is promising anyone any rate of return; only
the freedom from government and the self-serving politicians that
do promise you greater benefits and guaranteed income that will
not pan-out.  They may give you a bigger check tomorrow, but the
chunk they take today, and the one they will take tomorrow will in
the end get you the same, a negative return on your cold hard-earned
cash.