60% of Americans own stock, yes, but what does a rising stock market, a bull market, mean? Let me point out that from 1996-2000, a full 86% of the market's advances went to the wealthiest 10% of the population. And let's be clear on why socialists actually hate corporate America, perhaps we can stop your flood of lies. Corporate America works against labor unions, they work to push globalization, they work only for a profit, thus outsourcing massive factories without caring about the thousands of workers losing their jobs, rather they care about the profit they will bring in from cheap labor. Also, if you look at history, you will see that when corporate America is doing well, laborers do poorly, and when laborers do well, corporate America does poorly. Basically, take your pick: management or labor; the minority or the majority. While you continue, for some reason, to support the small minorty, I will support the majority.
Fant said:
What's wrong with encouraging younger workers to take some of their own money and invest it in private accounts to plan for their retirement and to be able to distribute what's left to their heirs?
The problem with Bush's plan is that with it, people opting to stay in the SS system will see their benefits decrease, as a people can opt to take a third of their taxes out of the system and into private accounts. Also, Bush people acknowledge that some people will lose under this system, some people will not have enough to retire on, and with that we will see elderly poverty rise, as one Princeton econ professor has said.
Fant said:
Unions planted the seeds of their own destruction. Workers have always had the right to vote for union representation. Since WWII, fewer and fewer workers have voted for union representation. I think that current union membership represents only about 15% of the work force and is still dropping.
The unions can't even get WalMart employees to sign up. So I guess things there are not as bad as the moaners claim.
Actually, I think you'll find that unions didn't begin decreasing in membership drastically until the '80s, with Reagan. It seems simple enough that when government takes an anti-union stance, union numbers will decrease (actually, I believe that only 10% of workers now are in unions, and I don't think we can simply say this is of the workers' doing alone, you must realize the government's pro-business stance plays a part in this).