Friday, April 29, 2011

PRIVATIZE SOCIAL SECURITY

Nearly fifty years ago , during the year 1951, I took my first job as a pharmacist and drew a paycheck until retirement in 2003. In the year 1951 the Dow jones industrial average stood at 240 and on retirement in 2003 the DJIA was at 12,000 , 50 times higher than when I started working. I just cannot imagine the amount of money I would have now for my retirement if social security had been privatized in 1951. Please calculate that for me.

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