RE: What "values" created the existing system?

[RRand98163@aol.com]

I would like to make one more attempt to reply to the comments of Bill Larsen 
and Michael Jones, especially those of Michael Jones. We seem to be talking 
past each other. I would agree that a system of personal accounts mught be 
considered preferable in many respects, but I do not believe it should even 
be seriously considered without first carefully working an approach to 
dealing with the transition costs estimated to be about six trillion dollars. 
One way of looking at this is to say it is equivalent to doubling the present 
tax for about fifty years. Their only answer is to say Chile did it, and I am 
going to put some effort into finding out if Chile had a comparable problem 
and how they dealt with it. For now, I continue to believe that wise 
adjustment of the present system is the best course.