Social security doesn't compare

In his letter to the editor (Fence Post, July 9), Len Brauer of Palatine says, "Sorry, but I think privatization is a very bad idea."

But Len also mentions the "lock box." My point is that privatization is the lock box!

Len also says he paid into Social Security for 53 years.

First, congratulations, you are a great American. As I write this today, the stock market has come down to 11,000, a substantial collapse from the 14,000 reached a short time ago.

However, the stock market 53 years ago was what? Yes, about 1,000.

If you had had a private account and invested in the stock market, you would be very, very wealthy.

In fact, you might even be wealthy enough to become a Republican!

And all the money would be yours or your heirs. Instead, you are getting about two grand per month and that stops when you die.

All told, there is no comparison between the current Social Security benefit (which is nice) and any return from a private account. The private account is vastly superior, even if you Democrats simply invest in CDs.

Again, ask your kids or grand kids which they would prefer.

Oh, and which political party was it that started taxing Social Security annuities?

The Democratic Party, with your hero Al Gore casting the tie-breaking vote as president of the Senate while he was vice president of the U.S.

Bill Hartman

Barrington