Sunday, February 06, 2005

You wrote, " NO.. I want to save my own money. I want out of the system. I will take responsibility for my own future, thank you.
Why can't I have it? And why should my taxes go up to fund it? Screw everyone, it is my money and I want to do with it what I want, whether bonds or stocks or widget futures. Cut me off now. They did it in a town in Texas and it works. They did it in Chile and it works. Now do it here.

look you selfish creep, we have a society and we intend on having a decent and just society. We are not going to dismantle society because you are greedy (one of the seven deadly sins but that is forgotten by many.). Seems many of the loudest mouths talking about "morals" have a "screw everyone" attitude. Truly disgusting and anti-social. You have problems.

The bottom line is a human society should consist of people participating decently and morally. As a good people we want a fair society that isn't callous and shitty. "Screw everyone" is an extremely ugly attitude.
"They did it in Chile and it works." What the hell is wrong with you?

BUSINESS/FINANCIAL DESK | January 27, 2005, Thursday

Chile's Retirees Find Shortfall In Private Plan

By LARRY ROHTER (NYT) 2142 words
Late Edition - Final , Section A , Page 1 , Column 2

"Chileans find that pension privatization plan launched 25 years ago, which Pres Bush has cited as model for his plans to overhaul Social Security, is falling far short of what was originally advertised under authoritarian government of Gen Augusto Pinochet; under program, millions of people have been paying 10 percent of their salaries to private investment accounts that they control; many lower-paid workers' contributions were not large enough to ensure even minimum pension of $140 a month; others--those working in underground economy, self-employed or working only seasonally--remain outside system altogether; even middle-class workers who contributed regularly are finding that their private accounts--burdened with hidden fees that may have soaked up as much as third of their original investment--are failing to deliver as much in benefits as they would have received under old system; government continues to direct billions of dollars to safety net for those whose pensions are below minimum"

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