AARP opposes individual Social Security investment accounts, running advertisements saying they are "insecure" and characterizing them as "gambling." So market accounts are sound for their 35 million members but not for the 154 million who pay Social Security taxes?Read the whole thing here.
The AFL-CIO's Web site argues that "the stock market is too unstable" to allow working people to have Social Security market accounts, and the American Federation of State, County and Municipal Employees opposes such "risky investment accounts." Yet both organizations' employees can participate in exactly such retirement investments. Why is it all right for them and too risky for other Americans?
Wednesday, February 16, 2005
Hypocrisy in the Social Security debates
From Pete Du Pont's WSJ editorial:
Posted by Mathieu at 2:26 PM