Could the privatization of SS allow the gov't to nationalize industries?

Dark

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Thu Jan-27-05 06:01 PM
Original message

Could the privatization of SS allow the gov't to nationalize industries?

I just read in another post ( http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x13766 ) that according to David Clay Johnston, a guest on Franken's show, the government would be the one to control the investment of SS money.

If they control where it's invested, couldn't they buy up large percentages of the stocks of certain businesses, thus making them the majority holder and bringing them under the control of the U.S. government?

Or am I really confused?

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China_cat

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Thu Jan-27-05 06:12 PM
Response to Original message

1. It would explain

why they've got their knickers in a twist over making sure that the accounts are called 'personal' rather than 'private'.

Personal only means that your name is attached to it (or your ss#, if you want to get picky). Private means that you control it.

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Dark

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Thu Jan-27-05 06:25 PM
Response to Reply #1

3. Also, it would explain Bush's preoccupation with it. The gov't

could control which businesses succeed and fail.

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KC21304

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Thu Jan-27-05 06:20 PM
Response to Original message

2. Heavens no. They are capitalist to the core.

They just want to be sure the windfall in fees goes to the right people.

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Dark

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Thu Jan-27-05 06:39 PM
Response to Reply #2

4. Just like they're Christians to the core? n/t

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