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To: upchuck

We should start funding each US baby with a $10,000 birth bonus (four million babies born every year @ 40 billion per year. Compare that to SS in the hundreds of billions). Over the course of 65 years, that can turn into a nice hefty retirement. At 6% interest, with NO ADDITIONS, you have $441,000. At 8% with NO ADDITIONS, you have over a million.

The account should follow the person whereever they go, they will be required add to it over their lifetime through automatic paycheck deductions (automatic employee deductions should go into this account over their working life). When the pot reaches a reasonable amount, the person can retire. You should also be able to afford your own retirement health insurance package. The money can pass to your children after death, increasing wealth and security through successive generations. Unlike SS, which takes away from the young and gives their money to others while promising a paltry payback.

A level staring point for all.

I'd be satisfied just to get back my SS inputs so I can invest them myself. Fat chance of that.

Of course, this should not apply to any children of any illegals, ever.


11 posted on 05/02/2006 9:04:04 AM PDT by bordergal
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To: bordergal
The account should follow the person whereever they go, they will be required add to it over their lifetime through automatic paycheck deductions (automatic employee deductions should go into this account over their working life).

Once you've conceded the right of the government to take your money, at the point of a gun, to fund even your own retirement, you've lost the game.

19 posted on 05/02/2006 10:08:18 AM PDT by Wolfie
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