THE GOSPEL ACCORDING TO JOHN

[Guest guest]

Gospel according to John

 

 

 

 

 

SS ..

 

If you opt to put half your money ... half of what is now your (tax)

contribution to Social Security ... in the stock market instead

(((you can go up to 2/3))), you will sign off on half your SS

benefits...(so, if you would be scheduled for a $ 1,000 per month SS

benefit at age 66...that will now be $ 500.)

 

Then, your investments...using the half of the taxes you opted to

keep out of the regular system...are supposed to later yield for

you ... not just the other $ 500 each month to complete your

retirement schedule..but $ 540 or $ 550 ... possibly ....$ 560 per

month so that you are making out like a bandit....up to $ 1,060 per

month instead of the $ 1,000 per month..........

 

OH....but, it is possible your investment return could falter....all

the way down to zero...not likely to go that badly......but....

easily such that it pays only $ 260 or $ 280 or $ 310 at retirement.

 

So...you would then get...having opted for 50-50...

$ 500 from SS... plus ...say...$ 280....= $ 780 per month instead of

the $ 1,000 scheduled............the $ 1,000 someone in the same boat

would actually get if they did not opt for privatization as you did.

 

In short, your private side of the formula is a risk....it could gain

more than normal but not a whole bunch more ... or it could return

less... a lot less... Bush tells you only about the more.

 

Add in these facts:

 

1. with a large new pool of investment dollars, all Wall

Street investments will be watered down... per supply and demand ...

investing will surely be less profitable to all of the investors as a

whole......

 

2. with each account, there will be fees. the cost to the

consumer in the SS system is minimal. The cost to the investor in

the Wall Street system is very significant....often eating up much of

the gain. The cost of this much-more-complicated system will be

higher for all who are trying to keep track of the accounts and the

benefits.

 

3. with the Bush II economy even worse than the Reagan and

Bush I economies, stock market sluggishness and many collapses are a

sure bet. It's even possible that the market will collapse across

the board.....with almost all accounts losing.

 

4. by getting the little people even deeper into the market,

the insiders can economically crush millions of them even more easily

than ever before in the never-ending game of rich get richer ... etc.

 

5. investment dollars will be restricted by government so

that only selected stocks can be bought...thus, the selected

corporations can grow and crush competition and then raise prices

without restraint. That's a hidden cost ... a loss .. a tax, if you

will. It's real and it subtracts from gains so you figure it out.

Even if you win, you lose.

 

6. Look who's selling it. Have you seen any WMD's? Do you

remember the S & L debacle... and the family whose four sons and

daddy were in the middle of it? ((Hint: George, Sr, George, Jr,

Jeb, Marvin and Neil....paid directors who " " " did not know what was

going on " " " .)) Has anything GW ever told you turned out to be true?

{actually, yes: see below}

 

7. Finally, the privatization gig has been tried. It's not

new. Chile has done it for 25 years and it failed. England has been

at it for years and is now vowing to adopt the FDR version of

American Social Security because their privatized system is also a

disaster. Facts. look them up.

--

Does this mean George will quit pushing it and it won't pass? Facts

don't bother him or the bankers and brokers who are demanding his

efforts as payback for their helping to fund his looking like he

could have actually won the election...he didn't ...

 

No, he won't quit and .. without due diligence, and with a criminally

((see also vote fraud)) installed Congress, it could pass, wrong,

stupid and all.

We did invade Iraq, remember??