"It = Wealth creation..."
yes, and the flip side is wealth destruction. as in, say, goog or rimm over the last 3 days.
it all just feels like one more layer to a pyramid scheme: you've already gotten all the middle class invested through ira's and 401k's; now its time to grab the working poor as well.
but how does this fix the ss system in any way? sure, those folks will presumably be getting 1/3 less out of social security ... in 45 years. but how is this proposal saying anything about fixing the problem of those who have already paid in and want to collect sooner? on the face of it, it seems like it just drains $$ from what goes in now, which is what is supposed to support retirees.
the only clue i get to this is from bush's own words: "younger workers" can do this, while those who have retired or will retire soon won't see any cuts. but something has to be done about those in the middle - say 40+. those that aarp likely won't argue for.
anyway, sounds like a big old ponzi scheme to me. i can't get over this: the gov wants to take $$ out of my paycheck and play the market for me. if its an ownership society, heck, give me the money and i'll do it.
the cynical side of my mind (mmm ... i think recently that cynicism has probably invaded both sides) thinks that all those months mlsoft thought he saw greenspan buying stocks has something to do with it. now they're gonna take little deductions from the working class to buy 'em back.
AI
