http://alphapatriot.com/perot-and-his-charts-are-back/ Observations of a Reformed Liberal Sat, 29 Oct 2011 12:50:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://alphapatriot.com/perot-and-his-charts-are-back/comment-page-1/#comment-4339 Dave Sun, 31 Aug 2008 18:26:26 +0000 http://66.7.204.200/~alphapat/?p=5621#comment-4339 This is dangerous nonsense you peddle. You can't outlive Social Security; it is indexed for inflation and wage growth; there is no stock market risk. The transition costs to privatization are astronomical ($2-4 trillion, depending on the source). Minor changes in taxes and slight reductions in indexing will balance the existing program. If rich people want to save, there are 401K plans. Only those making over $150K per year have a realistic chance to build the assets necessary to retire, and that is less than 10% of the population. Real returns on the stock market will be more like 5% going forward than 10%, as the U.S. economy has matured. This is dangerous nonsense you peddle. You can’t outlive Social Security; it is indexed for inflation and wage growth; there is no stock market risk. The transition costs to privatization are astronomical ($2-4 trillion, depending on the source). Minor changes in taxes and slight reductions in indexing will balance the existing program. If rich people want to save, there are 401K plans. Only those making over $150K per year have a realistic chance to build the assets necessary to retire, and that is less than 10% of the population. Real returns on the stock market will be more like 5% going forward than 10%, as the U.S. economy has matured.

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