RE: Privatization?! Not for me!

[Richard Arsinow <richard.arsinow@rauland.com>]

Privatization does not require that your retirement funds be invested
in the stock market (either by you or by the government).

In a system where 1.2% of your income, and an amount equal to 1.2%
of your income which your employer would provide, funded the 'social'
or 'safety net' benefits, and 5% of your income, and an amount
equal to 5% of your income which your employer would provide, went
into your personal account and accumulated for your personal
retirement, that account could be invested in, say, Treasury Bonds.
You would have the security of watching your own retirement savings
grow, not reduced by taxes and not subject to the ups and downs of
the market.  This peace of mind would not cost you a penny more
out of current income than you are now spending on Social Security.
Think about it.  10% of your income, invested in Treasury Bonds
and compounding tax-free for your retirement, or for the financial
security of your spouse and/or children.

Do you still say Privatization?! Not for me! ?