Social Security gives the same return as the Market
opebo:
Quote from: John Ford on January 09, 2005, 05:08:35 AM
Quote from: opebo on January 07, 2005, 05:32:19 PM
It is incredibly unrealistic to refer to the market's gains since 1980 as in any way typical. During that period they have been far higher than normal. If you average back for say a century or so, you'll find they're really not very high overall.
I'm taking a quarter century of economic history, not some three or five year anomaly.
Besides, doesn't your admission that the economy is growing at an abnormaly fast rate since 1980 refute your defense of Democratic economic ideology?
No. Why should the working class be so pleased about high growth purchased by their impoverishment?
Obviously for the lower 90% or so of the population, a more European situation of slower growth but better wages and benefits is preferable.
David S:
Quote from: opebo on January 09, 2005, 07:24:39 AM
Quote from: John Ford on January 09, 2005, 05:08:35 AM
Quote from: opebo on January 07, 2005, 05:32:19 PM
It is incredibly unrealistic to refer to the market's gains since 1980 as in any way typical. During that period they have been far higher than normal. If you average back for say a century or so, you'll find they're really not very high overall.
I'm taking a quarter century of economic history, not some three or five year anomaly.
Besides, doesn't your admission that the economy is growing at an abnormaly fast rate since 1980 refute your defense of Democratic economic ideology?
No. Why should the working class be so pleased about high growth purchased by their impoverishment?
Obviously for the lower 90% or so of the population, a more European situation of slower growth but better wages and benefits is preferable.
If 90% of the people wanted that they would have elected politicians who would give it to them.
The Duke:
Quote from: opebo on January 09, 2005, 07:24:39 AM
Quote from: John Ford on January 09, 2005, 05:08:35 AM
Quote from: opebo on January 07, 2005, 05:32:19 PM
It is incredibly unrealistic to refer to the market's gains since 1980 as in any way typical. During that period they have been far higher than normal. If you average back for say a century or so, you'll find they're really not very high overall.
I'm taking a quarter century of economic history, not some three or five year anomaly.
Besides, doesn't your admission that the economy is growing at an abnormaly fast rate since 1980 refute your defense of Democratic economic ideology?
No. Why should the working class be so pleased about high growth purchased by their impoverishment?
Obviously for the lower 90% or so of the population, a more European situation of slower growth but better wages and benefits is preferable.
There is simply no statistical evidence that 90% of Americans are poorer now than in 1980. To claim this is without any validity whatsoever.
Bono:
Besides, the average compound raqte of return of S&P 500, which is ot even managed, between 1926 and 1993, are of 10.33% a year. Besides, there was no 30 year preiod on that range that did not see a similar return, even accounting for the depression and the 70's. And you are not accounting the effects of risk managing,
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