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The Coca-Cola Company Message Board

  • mikiesmoky mikiesmoky Mar 1, 2005 4:02 PM Flag

    SS RESPONSES TO JACK ROTHSTEIN

    TO: Mr. Jack Rothstein

    Jack, just a few responses to your comments:

    REGARDING: the system is truly broken.
    RESPONSE: Obviously, although the system is not broken, it does " require adjustments.

    REGARDING: The public needs to know the truth about this problem because private investment accounts could improve this situation.
    RESPONSE: I will stipulate to the first seven words of your sentence.
    I will, strongly, disagree with your assertion that private investment accounts could improve this situation.
    Diverting income taxes (SS taxes are segregated "income" taxes) from the SS program will, obviously, damage that program.

    REGARDING: Take a look at some simple statistics: Stock returns have averaged 7 percent after inflation throughout the course of American history,
    RESPONSE: I suggest that you examine the period from circa 1965 through the middle of 1982.
    I admonish you to recognize that past events don't necessarily foretell future events.

    If you examine the long-term Dow chart (see link, below), you should be quite concerned regarding the current level. It appears that a massive TOP is being generated.

    REGARDING: compared with a paltry 2.5 percent return from Social Security.
    RESPONSE: Either you are continuing the lie being generated by President Bush or you are displaying a bit of ignorance.

    There is no such thing as a return from Social Security.
    Social Security is not an investment, i.e., it is an obligation of the Federal government and is funded by a segregated "income tax" assessed upon most (part of the problem) of the wage earners.

    Please define the provenance of your and President Bush's 2.5%.


    Thank you for your time.

    Check out the link, below.



    Michael Z

    Los Angeles

    310.xxx.xxxx



    http://finance.yahoo.com/q/bc?s=%5EDJI&t=my&l=off&z=m&q=l&c=

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    • REGARDING: not based on that chart....ain't even goin in the right direction.............(that's not to say it's impossible),,,
      if one looks at the chart...,,,it looks more like.... on it's way to to 14000...not 9000

      RESPONSE: You must have the chart upside down or you are unable to read and understand.

    • not based on that chart....ain't even goin in the right direction.............(that's not to say it's impossible),,,

      if one looks at the chart...,,,it looks more like.... on it's way to to 14000...not 9000

    • QWAK,alpha, LOL,You are "LOSING IT"------every body STAND BACK----he's GONA ----BLOW!!! :)

      HE HE HE
      the DUCK

    • Chick.. aaaa, Duckie, So you acknowledge that you pull your figures out of Canudle arse.

      Alpha

    • OK.. Time for Alpha's two cents.

      Social Security is an excellent program that has becom abused over time. Perhaps it is time to divide it into two seperate programs, one for retierement and the other for Insurance.

      Respecting retirement, I have no problem in principal for allowing a portion, be it 10-30 percent, to be designated as private accounts. Broad based indexes could be designated or created into which funds could be placed to assure diversity and a modicum of safety.

      My biggest concern is how we get from the present to the private accounts without furhter increase in the federal deficit. Beyond that PAs should give many Americans a greater chance to beat inflation and retire with a more meanigful nestegg. Of course the principal in these accounts could not be tapped until, death, retirement or incapacitation.

      The insurance part of the program could also be reexamined to see if changes need to be made. I hear too many horror stories and am aware of actual examples in which criminal conduct has been treated as a dissability.

      Alpha

    • Michael, re:

      >>>RESPONSE: I suggest that you examine the period from circa 1965 through the middle of 1982.
      I admonish you to recognize that past events don't necessarily foretell future events. <<<

      I see you know some history. how come for the SS argument, you chose the long term period where stocks dropped, and for your gold presentation you chose the long term period where stocks jumped while gold tanked? Might you refresh the Duck and I on how gold compared to stocks during the 65 to middle of 82 period? And since you realize that the past doesn't necessarily foretell future events, just why do you think stocks will outgain gold in the next decade? You must think so, otherwise you wouldn't have used an '82 to now period for your anti-gold argument.

 
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