In defense of Vice President Gores' expanded statement that Bush's plan is "stock market rolette" and ..... akin to "rolling the dice". I must agree with him. First, I think that some form of investment for retirement is a necessity, but when you look at the millions of people who for different reasons, and there are many, would never invest on their own, someone must invest for them. For them scraping social security is not viable. It has been written on this board by another writer, that given proper education people will change their ways. For some this is true, however, for many millions it is not true. If we were to attempt to scrap social security, there wouldn't be a replacement that would serve the needs of the masses for many decades or possibly half of a century. In order to have an acceptable number of seniors that have funded their retirement other than through social security we as a nation would literally have to sacrifice millions to destitution through a learning curve. That is not acceptable. It is easy to say "well I did it and so can others", but this is not true for enough of those others. As a country we view ourselves as compassionate. We come to the aid of the oppressed. We send millions of dollars to the aid other countrys. How can we believe this as a country and then abandon those that are most dear to us, our seniors. How can we nurse from our mothers breast and then turn our mothers (or other mothers) to the dogs when they become seniors. How can we send armies around the world under the flag of freedom and not allow those that have gone before us that same freedom. When one spends half of his or her life raising children and then his childrens' children, it gets some what difficult if not impossible to save for retirement, at least for some. The very same monies that should have went to retirement went to diapers. The very same monies that should have purchases shares of a well researched company went to school clothes or doctors bills or braces or this or that.For those of you who still don't get the point and probably never will. You will probably never be expected to change a seniors diapers, but you should give him or her the dignity of changing his or her own.Elect5
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra