Msg. 57624 of 65535 (This msg. is a reply to
57618 by
oldCADuser)
Jump:
OCU> We were NOT talking about the BEST multinational companies to work for, but rather the ones which the Social Security trust fund would end up being invested in.
Actually, OCU,
The BEST multinational companies to work for ARE
the best ones to invest retirement funds in.
Believe it or not, I do not think social security
investment moneys should be handed over to 'Koch
Brothers or Sheldon Adelson'. Nor should they be
turned over to anyone obamba or frank or dodd might suggest.
Think Vanguard and low cost index type mutual funds.
What I would like to see . . . .
1.) S.S. takes bids and arranges for low cost
. . . purchasing of large blocks of stocks.
2.) SEC generates a list of the larger American
. . . corporations that are large enough and
. . . profitable enough. The tickers are printed on
. . . poker chips and put in a drum.
3.) S.S. - in strict secrecy - pulls the chips out
. . . and places its orders. For stocks and bonds.
Repeat as necessary.
Anybody who tries to buy before S.S. goes to jail.
(Insider trading type activity.)
Social Security needs to morph from the Ponzi scam /
politicians slush fund into a genuine stock and
bond mutual fund. Where a workers mandatory payroll
deductions purchase shares which the worker actually
owns and their heirs and survivors can inherit.
We were NOT talking about the BEST multinational companies to work for, but rather the ones which the Social Security trust fund would end up being invested in. And if you don't think that if this money was dumped into some Wall Street Managed fund that the likes of the Koch Brothers or Sheldon Adelson wouldn't manage to get their 'fair' share of the pot, then you're a lot more naive than you would like the rest of us to believe that you are. Besides, would you really be willing to allow the feds to invest YOUR Social Security contributions with companies who pay millions of dollars a year to Washington DC lobbyists? And who contribute almost as much to PAC's and so-called 501c3 organizations who don't even have to report where they get their money and who since Citizens United have virtually bought and sold every elected official currently in the House and Senate to say nothing of most of the state legislatures?
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