Re: HOMESTEAD: COG and SocSec

[John Médaille <john@medaille.com>]

At 11:36 AM 4/23/01 -0400, Deborah Groban Olson wrote:
>OK Homesteaders, I'll try not to be close minded. Your comments rattle me 
>to my labor roots. So what do you propose?

Let not your roots be rattled, for it is precisely in behalf of labor that 
we are all laboring. One way or another, there will be huge transition 
costs involved in transforming SS into whatever it will become. These costs 
will actually be higher if *nothing* is done. From a standpoint of Binary 
Economics, the money might best be spent establishing a re-insurance fund, 
so that workers could establish capital retirement accounts with which they 
could acquire ownership in full-payout shares sufficient to provide for 
their old age, and even some secure income for their working years. 
Business would get a low cost source of capital for expansion, and workers 
would get a "piece of the action." Alas, there will be no binarians 
presenting at the conference to discuss such a scheme in detail. But 
representatives from the other viewpoints might take the opportunity to 
discuss there thought on how their system would augment or replace SS.

Gee Dubya needs our help right about now, and it would be unpatriotic to 
refuse to offer our good advice.


John C. Médaille

"A dead thing can go with the stream...
but only a living thing can go against it."
         -G. K. Chesterton
http://www.medaille.com/distributivism.htm
john@medaille.com