Re: The meta-invisible hand

Michael Lorrey (retroman@together.net)
Mon, 22 Sep 1997 21:04:17 -0400

Max More wrote:
>
> At 01:57 PM 9/22/97 +0000, you wrote:
> >offensive manner. Most people on this list clearly detest the idea of The
> >Man taking and distributing a share of the community's productivity, but is
> >there another way than an IRS to create and maintain a Guaranteed Income
> >floor (which I recommend in the book, on the same grounds as Mr Willow)?
>
> Yes, promote widespread stock ownership. It's happening without prompting,
> but I'd like to see more people especially at the lower income levels
> buying shares. Nothing fancy, if they don't have the head for it. Just a
> decent index fund. While I oppose the state distributing (stealing) income,
> I wouldn't have a problem with tax incentives to promote wider stock
> ownership. (That just means taking less away from people who invest.)
>

If our social security taxes, and whatever else we wanted to save, was
allowed to be invested in investments of our choice without capital
gains taxes, just regular income taxes, its estimated we'd easily have
10% annual growth without inflation or unemployment, and have
guarranteed retirement incomes that are comfortably livable. As it is,
every cent they take from us for our "security" goes right back out into
the pockets of retirees who never were taxed at a level that would
provide them with benefits beyond 3 years after retirement. For anyone
below 35, its Social Insecurity.

The AARP is the greatest threat to the security of the United States in
our time.

-- 
TANSTAAFL!!!
			Michael Lorrey
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mailto:retroman@together.net	Inventor of the Lorrey Drive
MikeySoft: Graphic Design/Animation/Publishing/Engineering
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How many fnords did you see before breakfast today?