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Re: OWNERSHIP: State of the Union

It would certainly be preferable to the Bush proposal.  The major problem is not that it ends social insurance - since this function can be duplicated by insuring account investments to some level (although if an index fund tanks, the entire economy, which is the engine for social security taxes also tanks).  The worst problem is that the Bush plan vests control not with the worker, her representatives, or even the government, but with the fund managers who tend to back management - and prod it to act for the investors rather than in the interests of the workers.  In other words, if you thought ENRON was bad.....
 
Mike

Greg Southworth <greg27241@yahoo.com> wrote:
Is there anything to be learned by applying the Mondragon Cooperative model? I am dead serious. We need to offer a Real ownership society model.
 
Greg

Michael Bindner <bindner@IowaFiscalEquity.net> wrote:
Remember to watch Bush's speech tonite.  It looks like he's actually going to go with Privatization as a big agenda item.  Now, the question is, how do we hijack it to expand ownership.
 
There will not be a chance like this for decades.  Once this debate is resolved, no one is going to want to revisit the issue for a long time.
 
Mike Bindner


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Michael Bindner

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