Re: Daily response May 1

[McMason115@aol.com]

To all fellow contributers,
     This is my first comment. My stance is for the privitization of social 
security. The benefits being enjoyed by the people of Chile after 18 years of 
privitization should be enough to convince most people of the potential 
there. I have read many comments about people not knowing how to invest their 
money and the potential for losses. The people of Chile didn't know anything 
either and they are seeing 2-3 times the benefits under the new system as 
under the old. I also would like to point out the returns millions of 
Americans have seen with their 401k's and I' m positive that not all of them 
were financial wizards, as I am one of them. This could  also be headed off 
by requiring that your funds be invested in only SEC approved mutual funds or 
an indexed fund. Which would include a wide spectrum of stocks. I also do not 
believe in means testing . Why should someone be penalized just because they 
were successful in life ? They gave at least the same amount and are entitled 
to the same in return. 
                                                                             
Thanks  MIke Mason