European Tribune - Comments - A new reason for privatisation: Saving Social Security

A new reason for privatisation: Saving Social Security - Austrian Edition | 15 comments (15 topical, editorial, 0 hidden)

Re: A new reason for privatisation: Saving Social (none / 1)

In addition to allowing the hands of 'their guys' on the money, it also ties the future pensions of the working/middle class to the financial markets. This is very useful in times of busts, when lucrative bailouts of high-power investors also benefits (to a much smaller degree) 'ordinary' people. The better to make more entities that are 'to big to fail'.

by someone (s0me1smail(a)gmail(d)com) on Wed May 21st, 2008 at 11:16:39 AM EST
[ Parent ]

Re: A new reason for privatisation: Saving Social (none / 0)

Not to mention that the high powered investors that are bailed out are mostly "their guys." That is why I am taking the hit of inflation and leaving my paltry retirement savings in "cash." Most investments promising reasonable yields are at risk for substantial haircuts, with the benefit accruing to those same underwater "high powered investors."

If sanity be culturally normative, then by the norms of this culture I claim insanity.

by ARGeezer (argeezer a in a circle yahoo dot com) on Wed May 21st, 2008 at 12:50:58 PM EST
[ Parent ]

A new reason for privatisation: Saving Social Security - Austrian Edition | 15 comments (15 topical, 0 editorial, 0 hidden)

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