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Rating: 
Summary: I can save 12% from Social Security
Review: I naively did not know that 12% of my income is witheld for Social Security taxes. More disheartening, I did not know that I receive only a 2% return on this money.Ouch. However, New Century New Deal, made a great point. I could own some or most of this money and earn mutual fund rates of return. I am a believer and you will be if you read this book.
Rating:
Summary: Social Security Choice - The Case Made Clear and Simple
Review: Reading Wade Dokken's book, New Century, New Deal, was particularly gratifying in many ways. As a Wall Street market strategist for years, I have spent considerable time analyzing and measuring the benefits of privatizing social security, and I have long been a believer in the merits of privatization. Naively, I have always thought of this issue as one of the "Republican" ideas which would never find favor with Democrats. What a delight to discover a life-long, ardent and proud Democrat is the author of a book that succinctly and eloquently lays out the case for privatization. Importantly, he focuses on what he calls Social Security CHOICE, rather than a mandatory privatization. This book should be read by every Senator and Congressman before they cast a vote on the subject. Wade Dokken details clearly why, without a choice based system, wage earners will be subject to either massive tax increases or benefit cuts. He then goes on to make the case that "Social Security Choice comes down to the simple principle of fairness", allowing as how those with a lot of money do not need social security. Rather, it is the lower and middle income wage earners who stand to benefit from investing their own portion of social security. How right he is! This book is an easy read. It doesn't try to solve the mathematical problem. Rather it deals with the principles for privatization. Anyone with a couple of hours on a train or a plane or in the back seat of a car can become a convert.
Rating:
Summary: Social Security Choice - The Case Made Clear and Simple
Review: Reading Wade Dokken's book, New Century, New Deal, was particularly gratifying in many ways. As a Wall Street market strategist for years, I have spent considerable time analyzing and measuring the benefits of privatizing social security, and I have long been a believer in the merits of privatization. Naively, I have always thought of this issue as one of the "Republican" ideas which would never find favor with Democrats. What a delight to discover a life-long, ardent and proud Democrat is the author of a book that succinctly and eloquently lays out the case for privatization. Importantly, he focuses on what he calls Social Security CHOICE, rather than a mandatory privatization. This book should be read by every Senator and Congressman before they cast a vote on the subject. Wade Dokken details clearly why, without a choice based system, wage earners will be subject to either massive tax increases or benefit cuts. He then goes on to make the case that "Social Security Choice comes down to the simple principle of fairness", allowing as how those with a lot of money do not need social security. Rather, it is the lower and middle income wage earners who stand to benefit from investing their own portion of social security. How right he is! This book is an easy read. It doesn't try to solve the mathematical problem. Rather it deals with the principles for privatization. Anyone with a couple of hours on a train or a plane or in the back seat of a car can become a convert.
Rating:
Summary: Timely subject made easy and enjoyable
Review: With simplicity and folksy anecdotes, Wade Dokken makes a complicated subject easy to read and understand. I enjoyed this book and am convinced that it's time to fix a problem that most politicians are afraid to tackle.
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