Most Americans don’t like the idea of the federal government playing favorites in the business world. A new Rasmussen Reports national telephone survey finds that 55% of Likely U.S. Voters think it is not appropriate for the government to invest in private companies. Just half that many (27%) disagree and believe it is okay for the government to invest in the private sector. Eighteen percent (18%) are not sure.
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10
2012 At 4:45 pm, geek49203 Said:
Okay, I gotta call some people on this one.
About, what, 8 years ago the GOP / conservatives / Bush ’43 were all about investing Social Security “contributions” (yeah, right, just to to avoid “contributing” and see where you end up!) into private investments. You know, kinda like mutual funds and stuff?
Well, if you think about that for about 10 minutes, this means that some government agency will have to “approve” either individual investment options (a la 401k/IRA), or find a way for the money to be invested en masse. As I recall, the countries that usually invest into “private investments” usually do this the second way, like state pension funds.
Now, it takes about 30 seconds to realize that instantly the American Social Security system, if privatized, would be the biggest investor on the planet by far. So yeah, with this much money at stake, wouldn’t we have “Government involvement” with the governance of companies?
I might be the only conservative to have opposed this privatization idea, but I still believe that I’m correct in this.