Now, with stocks selling at bargain prices, might a good time to dust off Cato's Social Security Privatization Plan. Words like "Freedom" "Private" and "Choice" enhance the fundamental truth that in the stocks working people can participate in the high returns associated with an unregulated winner take all market. It is only fair that workers participate, in a small way, in what enriches the owners. Rather than a bailout, or along with a bailout, why not plow payroll taxes into the market? We have nowhere to go at this point but up.
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October 06, 2008
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