[[The same leftwing activists who now use the EPA and the IRS to advance their agenda would flock to the SSA’s investment committee and they would have even more power to force their agenda on the country.]]
I don’t understand how special committees/programs would have access to it?
[[Clinton proposed partial privatization as did Dubya. And the quote you posted illustrates that Greenspan criticized it for the same reasons I’ve brought up.]]
Yeah but the article listed went into some detail why it could work- I believe-
[[Class B non-voting stock. But there is no way that public funds should ever be put in that.]]
Well like I said, I don’t know much about things like that- I am still lookin for that article- seemed like the writer knew about how it could be possible to invest with safeguards-
“I don’t understand how special committees/programs would have access to it?”
If SS money is going to be invested in corporations you have to have an investment committee deciding what to buy. An investment committee filled with people having a political agenda would be enormously powerful. Corporations wanting investment money would be dancing to their tune, in the same fashion that insurance companies have gone along with Obamacare. This would be just one more avenue for a small group of political activists to gain enormous leverage throughout society.
“Yeah but the article listed went into some detail why it could work- I believe-”
It also included Greenspan’s reasons why it’s a bad idea. You’d have ‘Government Motors’ repeated over and over. The SSA investment committee could end up being the major shareholder in virtually any company they chose. This would soon be crony capitalism on steroids with a huge potential for front running by the investment committee and their friends.