“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.
[[The SSA investment committee could end up being the major shareholder in virtually any company they chose. ]]
Which is why there would need to be guidelines on investing- spread out- not all dumped into one particular company or even just several
[[Corporations wanting investment money would be dancing to their tune,]]
that would be one of the problems faced, however, the investments could perhaps be based on performance of the companies only- avoiding favoritism or bribery-
Lot’s of problems for sure, but not insurmountable- the way the money goes out now is just the same- corporations and special interest groups vie for attention and grants and debt eliminations etc-