A Social Security Indvidual Accounts Convert
The May 22, 2006 issue of National Review had an article by on John M. Phillips about how he has changed his mind on Social Security private accounts.
It comes to me from Students for Saving Social Security via Social Security Choice (SSC).
The links, which are PNG pics of the two relevant pages from the magazine, are here and here. I have no reason to believe that SSC doesn’t have permission to use it.
It is a marvelous if somewhat regretful lesson (because of the author’s current age) in the power of compounding, and a passionate argument for moving as much of the Social Security system as possible to individually controlled investment accounts.
Read it.
