While our congress and president just doled out $150B for the public to buy X-Boxes, Singapore is investing their money in dividend paying growing companies. Who is wise and who is foolish?
Lots of these funds are Singapore’s individual SS type accounts. All of those individual accounts..up to a certain level must invest in these funds.
The DemocRats continue to block the same kind of accounts for US citizens. So our banks have to go begging for money.
Yes, if we must accept Socialist Security as a political reality (I would gladly give up all of my "investment" into that Ponzi scheme if I could just see SS terminated), I would like to at least see it privatized as President Bush had pushed to do earlier on in his administration.
I have seen some discussion of this during the current race, so perhaps when we have a new Republican administration this privatization discussion can be put back on the table.