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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5267  
Subject: Re: OP-ED By Paul Krugman Date: 1/23/2005 10:29 AM
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<<I think the fees issue is just another red herring. The way this would work is that there would be a limited choce of index funds--say 5 to 10. The money would be aggregated and the SS administration would invest in the funds. With even a little bit of competitive bidding, fees could be less than 0.1% for each of what would clearly grow to be huge funds.

>>


Investments controlled by government are going to be made in politically correct investments, not ones aimed at the best return on a person's money.

It wont contain investments in tobacco companies. Jessie Jackson will demand that 10% go to black businesses. Auto manufacturer's might not get investments if they make SUVs. Oile companies that drill in the ANWR might be excluded. The list might well be endless.


Thanks, but no thanks. I don't want my investments determined by politicians.



Seattle Pioneer
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