Tuesday, February 08, 2005
I hope you young people don't fall for the "No Stock Broker Left behind Plan". I have to give it to this Administration; they are relentless with their support for big business. Social Security is strong and will be for the next fifty years. We can't look down the road for the next 10 years with any degree of certainty let alone for the next fifty years. Look at how the internet and technology has changed our existence in the past ten years. Who knows what's on the horizon. This drastic change in Social Security is sinister. Young people will lose tons of money in 2% transaction fees alone even if the stock does well. Will there be 3% transaction fees for every weekly transaction or will they get a 1% discount. How do I get a cut of this un-holy plot? The real windfall for big business in this plot is still to come. This is not the real reward and focus of the Administration; it's more evil than that. They can just taste the next windfall, it's that close. Before I bring what I think the real focus is I just want you to be aware of why they are going to fight very hard and dirty. If we infuse Big Business with billions of our tax dollars and transaction fees this will create a conflict of interest that will be written about and studied for the next thousand years. It would make it virtually impossible for these young people to support laws that will affect these companies in a negative way. It will be very difficult for these companies to be controlled on environmental and social responsibility issues. Even if you have a less than vivid imagination you should be able to see the problem here. Who will support a law maker that just adversely affected your retirement? How would the Tobacco industry would have been treated in this atmospheer. Scary!