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Eschew the Proposed Private Accounts and Instead Make Better Use of What Exists Now: IRAs
Motley FoolLink to more items from this source
[Opinion]
Mar. 31, 2005
Excerpt: My bottom line is simple: let's use the existing IRA accounts as repositories for any diverted FICA monies. The populace will make all the decisions, and that's how it should be. If people want to buy Microsoft, Procter & Gamble, or Shuffle Master, give them the freedom to do so. Yes, there is the danger that some folks will make bad decisions. But those who don't understand stocks and don't care to research them can simply do what they probably are already doing in their IRAs --[.]

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