Deborah Terreson wrote:
> In article  ,
> greg1199{at}yahoo.com  wrote:
>
> > Deborah Terreson wrote:
> >> Gotta love Alan Greenspan. Here he was earlier last week, before
the
> >> congress.
[...]

> >  What am I, a frigging bank?  Actually no, because my borrower
tells me
> > what the interest and repayment terms are, and he'll jail me for
not
> > loaning him money.
>
> You can always quit working and find employment that pays under the
table. I
> work with several tradesmen that earn over 60k a year and pay no
taxes. At
> this point, I may just decide to chuck it all myself and join in that
> movement.

Right on.  I'd go for a deal like that.  It's too bad I don't know a
trade.

> > If I have to loan my money, I'd rather loan to someone who pays
decent
> > interest, and who pays off the loan before I die.  If a Wall Street
Fat
> > Cat can do that, I don't care what he makes, what he wears, what he
> > drives, or how tall his Manhattan high rise is.
>
> Hey, then why then can I not take my money directly and put it in a
> *savings* or an IRA or 401 then? Bank accounts and money markets are

Good question.  It's your money, and you should be able to put your
money where you think it should be.  Some in our government would give
you that choice.

> starting to pick up again, as the Fed raises the interest rates.
Businesses

Oh yeah they are.  I used to get 8 percent on a money market, which is
of minimal risk.  I believe SS pays 2 percent, and I think SS is even
riskier.  It's like loaning money to someone who is already in
mountains of debt.

> are not creating enough new investors with the new salary scale all
too many
> are paying. Take a look at how the numbers have a potential to shift
- to
> think that business will not be in the same boat as the government,
with
> more retirements being cashed out and less working americans with
money left
> over TO invest beyond what the SS accounts offer. I don't object to
the

Exactly.  When pay the SS tax, there's not much left to save, which is
a case for SS privitization.

> change, but in the direction it will only be allowed to go. Why the
fuck
> should Wall Street be the sole beneficiary of this new investment
'freedom'?

I'm not sure WS will be the sole beneficiary.  I believe they will
limit you to the more conservative investments, like money markets or
bonds, because otherwise the dems will be able to call it a "risky
scheme."  So the tech-sector fund managers won't benefit much.

> > This is what capitalism is all about.  You do what you can for
> > yourself, and you don't worry what anyone else is doing, as long as
he
> > isn't hurting you.
>
> And what of it if it hurts someone else? Do you do nothing, and stay
silent?
> Is this what a stable, moral, Christian society is about? When
someone is
> gonna get ripped off or scammed, you just let them go down, huh?

Absolutely not.  The point of govt is to protect people from crime,
like fraud, theft, assault, and so on.  When people dupe novice
investors into throwing down on risky stocks, I have a problem.  You
can tell investors to be careful, just as you can tell old men not to
walk down dark alleys.  But if the man gets assaulted in the dark
alley, the assailant should be taken in.

I don't think Bush or his supporters want to put people at the mercy of
Wall Street scammers.  It's not moral.  The entire idea of
privitization is to help people, and also to get rid of a system that
isn't really working.

> >  Socialism is when you start worrying what others
> > make, and for doing what, and whether it's fair.  How well has that
> > system generally done?
>
> Better then what this disaster is turning out to be. I'm looking at
my
> livlihood going up the spout with the diminishing middle class. Shit,
at
> least those horrid rotten socialists have healthcare. I've not got
any.

I am sorry.  I had the same problem when I was jobless, and it royally
sucked.  There are plans that give you coverage for catastrophic
events, and that let you pay the routine expenses.  That's a good route
for people who are healthy and unemployed, or self-employed, or
contract workers.  Perhaps you can look into this.



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