From: Richard Arsinow <richard.arsinow@rauland.com>
Subject: RE: THE CATO PLAN IS BAD FOR WOMEN REVISITED
>>>>Darcy does not dispute my central point that the main gains
for women from the privatization plan she put forward come from the earnings sharing not the privatization.>>>>
I didn't read any of her posts that way. The theme I picked up is that the primary advantage of Cato's proposal is compounding. She didn't say word one about earnings sharing until you brought it up.
>>>>By the way, if one of the main things the privatizers want to accomplish is to allow people to benefit from the stock market, that, can of course be done without privatization, simply by allowing the govt to invest the Social Security Trust Fund in the stock market. Then individuals will be able to benefit from those earnings gains.>>>>
None of the plans which propose such investment promise to share the increased earnings with individuals. If they did, they would include phased-in increases in benefits across the board. The plans' only objective is to increase and extend actuarial solvency of the system. They have no intention of sharing the gains with individuals.
