Archive for the ‘Soapbox’ Category

bp oil spill – dealing with the aftermath

Friday, June 4th, 2010

It’s been awhile since I stood atop my soapbox, so, well, here you go. You have been warned.

The aftermath of BP’s oil spill will likely span decades of financial hardship for folks in the region along with the obvious damage to the environment. My first reaction, out of anger, is to boycott BP.

However, I don’t believe that boycotting BP will do any good. And here’s why.

If BP had any sort of conscience, it would set up an annuity right now for any and all claimants who can demonstrate a financial loss due to the oil spill. BP would initially fund the annuity in an amount mandated by the government to address both punitive and compensatory damages, and would contribute a percentage of its earnings for as long as BP is in business. Claimants would receive periodic payments from this annuity for as long as it exists.

I think this model addresses something that is lacking under capitalism: that a corporation’s profits do not reflect the cost to society of its environmental impact.

Under this model, BP would be forced to recognize the impact that its operations have on the region in which it operates, and it gives the regional population an incentive to ensure that BP does well financially in the future.

You know, instead of boycotting.

It’s a win-win argument, if you ask me.

words have meaning

Tuesday, August 26th, 2008

If you have known me for any time, you will know that I cringe whenever I see the contraction “it’s” used in place of the possessive pronoun “its.” To a lesser extent, the same nails-on-chalkboard feeling is evoked when I encounter similar mistakes with their/they’re, your/you’re, and others. It’s only a matter of time before people start thinking her’s is correct, or even hi’s. But for whatever reason, the proper use of its/it’s occupies a special place in my heart. And I’ll explain why.

In geometry, I learned about asymptotes: lines that functions will never touch except at the point of infinity. I have always felt that language is a tool, much like a geometric function, and that the description of absolute truth is akin to an asymptote. Mastery of language will get you close to the asymptote, but not even the greatest of poets can quite reach it.

Difficulty with language comprehension is a major indicator of someone on the autism spectrum. I have huge problems with spoken word. I have always felt that there is a strange disconnect between my thoughts and my mouth which makes it virtually impossible to articulate my opinions and feelings by talking. Likewise, I have problems understanding others when they speak, which sometimes makes meetings at work agonizing. It takes a huge amount of brain cycles for me to process what others say, and when you start throwing in corporate business-speak, I find it tiring to the point of mental exhaustion.

However, I have always felt very comfortable with the written word since it allows me to sculpt and craft my thoughts in a way that is otherwise impossible. Sure, I don’t always get it right, but I enjoy the rules of language and the possibility that I can use it to clearly articulate my points.

And that’s where I have a problem with the misuse of it’s. Consider this sentence:

The dog’s head slowly turned on it’s massive, mangy neck.

I’m reading along, and suddenly I’m stopped dead in my tracks. I simply don’t understand what the sentence means. It could mean any of the following:

  • The dog’s head slowly turned on it is massive, mangy neck.
  • The dog’s head slowly turned on it has massive, mangy neck.
  • The dog’s head slowly turned on it was massive, mangy neck.

I have to go back, undo the rules of language, and attempt to decipher what the author meant to say. Which then puts doubt on everything else that I’ve read up until then. Not only is the flow of language completely disrupted, I don’t even know whether I can trust my comprehension anymore.

I know I’m nitpicking, that I need to just get over it. But it’s language, and there are rules, and the reason for those rules is that language means stuff. Without the rules, there is no meaning, and no understanding of one another.

Don’t give store gift cards! (Completely inane rant)

Monday, August 1st, 2005

First off, I apologize to you, the reader, for this post. There are extremely important things happening in this world that are far more deserving of your time and attention than my silly little blog, and nothing could be more inane than what I’m about to rant about. Are you still there? I’m really really sorry.

Secondly, I want to express my gratitude and appreciation for those who have given me store gift cards over the years. Please do not be discouraged from giving them to me, though after reading this you may have second thoughts. I like free things, and presents are some of the best free things one can get.

Ok, on with the show.

I don’t like store gift cards.

My first point is simply a matter of principle. Gift cards are better for the stores than they are for consumers. I very much dislike the common store policy to not cash out the remainder of the card balance when the full balance is not used. It’s the store’s way of making sure that the consumer spends more than the face value of the card. If the consumer doesn’t spend the whole thing, the store simply pockets the difference. I always feel just a little bit swindled by gift cards for that reason.

Secondly, store cards can’t be pooled. My nephew just had a birthday party and he received several store cards from different stores. Wouldn’t it be cool for him to pool it all together and buy a big-budget item that he wouldn’t normally be able to afford? Plus his dad now has to cart him around town to redeem his loot, which of course is probably not such a bad thing since it will likely be that kind of “quality time” that we all need more of from our family members.

Thirdly, store cards mask the value of cash. Remember when you opened a birthday card and a bunch of cash fell out? That was WAY more fun than a sterile gift card. There is something special about the tactile quality of real currency. A gift of twenty dollars can be made to look bigger by giving twenty dollar bills. There is a sense of opportunity in cash that can’t be had from a store card. Cash is universal, whereas store cards are limiting. Which leads me to my fourth (and most outlandish) point:

Store cards discourage the free market. The store cards I receive typically come from three places: Home Depot (or Lowes), Best Buy, and Target. Cash allows me the choice of business whose services and/or products I want to consume. Store cards, being generally issued by stores with a large presence in the market, essentially remove smaller stores from the significant gift-giving segment of their market.

Lame, yes. But I couldn’t keep it inside me any longer.

Vaccines and autism

Wednesday, July 13th, 2005

While at the airport, I picked up some light reading for the plane ride out to Kentucky: a Rolling Stone magazine. Inside was an article linking the mercury used in a preservative in children’s vaccines and the explosion in the number of cases of autism in the last decade. I am outraged. I had heard of this correlation when our boy was born, and naturally I was concerned, but when I did some research I concluded that mercury was no longer used in vaccines and that vaccines would be safe. Not so. Apparently, California’s ban on mercury in vaccines doesn’t go into effect until the year 2006, which gives the pharmaceutical companies ample time to use up their existing stocks of mercury-tainted vaccines on the general population.

After I got home, I did some quick Googling on the subject and found myself increasingly appalled.

On the one hand, I understand the health risk of tabling all vaccines because of contamination. On the other hand, I feel that those who were “in-the-know” should be jailed for criminal negligence. This issue was actively swept under the rug by the pharmaceutical industry and the CDC and WHO, and the cover-up is absolutely sickening.

Even more disgusting is a rider inserted into the Homeland Security bill which essentially protects the pharmaceutical industry from the damage they knowingly caused. Called the “Eli Lilly Protection Act,” it immunizes the pharmaceutical industry from lawsuits relating to brain damage caused by mercury in vaccines. In the Rolling Stone article, Robert F. Kennedy, Jr. asserts that Senator Bill Frist is to blame for this rider, for which Frist happily pocketed $10,000 and the sale of 5,000 copies of his book from Eli Lily. While the author of the rider has apparently not been substantiated, it is clear that the health of our children is not a priority in homeland security.

The lengths to which our government will go to protect corporations at the expense of public health is sickening.

UPDATE: Generation Rescue has a web page with lots of information about mercury and autism: Generation Rescue.

The Nuclear Option, Or How Republicans Are Dismantling Democracy

Tuesday, April 26th, 2005

Senate Republicans have a phrase for their latest bid to solidify (and abuse) power in Washington D.C.: The Nuclear Threat. This is the name given to their threat to introduce a new Senate rule that essentially strips the minority Democrats’ only tool for stopping the majority Republicans from abusing their power, the filibuster.

As the Senate votes on whether to appoint President Bush’s judicial nominees, we are witness to the potential erosion of the checks and balances built into our government. The Republicans control the executive and legislative branches of government and are salivating at the prospect of controlling the judicial branch as well. I can’t help but think with increasing apprehension and revulsion that the author of the 14 Points of Fascism is onto something.

Scott McClellan, the White House Press Secretary, as quoted by CNN:

…our view is that Senate Democrats need to stop playing politics and give all judicial nominees an up or down vote.

If you listen closely, you might hear the sound of my middle finger extending toward heaven. I’m sick of this bullshit. The “Nuclear Option” is simply the Republicans’ next big red herring, an excuse for them to not do their jobs. They are politicians. Politicians, as part of their jobs, have to make compromises to get what they want. If there is no compromise, then we have tyranny. I challenge Scott McClellan to stop with the double language and place the blame where it really belongs.

Are the words fascism and tyranny too strong? I find it hard to make the case that, given the high standard of living that Americans enjoy, we are a fascist society living in tyranny.

Nevertheless, I am seething. I am sick of all the smug conservatives and their snide comments. I am sick of being disregarded as a whining liberal. The other side whines just as much, if not more. So here’ s a big fat fuck you to all of you smug, shithead conservatives who are making a mockery of the ideals that this nation was founded on.

Fuck You
Hey fascist tyrannical conservatives, fuck off!

State Recognition of Marriage and Civil Unions

Thursday, September 30th, 2004

Note: This was originally written some time in the year 2004. Sorry I can’t be more specific!

State Recognition of Marriage and Civil Unions

President George W. Bush summarized his opinion about gay marriage by stating “I believe marriage is between a man and a woman and I believe we ought to codify that one way or the other and we have lawyers looking at the best way to do that.”

While I don’t see anything wrong with his definition of marriage, his intent to create a legal definition based on his beliefs troubles me. There are two questions I will explore here:

  • What is the definition of marriage?
  • How does the state recognize marriage?

The first question cannot be answered with certainty. I say this because marriage is rooted in religion, and the definition therefore changes with religious beliefs and even further within religious sects. While the Christian Bible is fairly explicit when it defines marriage as a holy communion between a man and a woman, the Constitutional freedom to practice religion dictates that if the government is to recognize marriage, then it must recognize marriage regardless of how it is defined by differing religions.

This brings us to the 2nd question, which is now broader and troublesome: How does the state, which is Constitutionally bound to maintain separation between Church and State, legally recognize an institution whose definition is deeply rooted in religion? In order to do so, government must create a legal definition of marriage that is rigid enough to maintain law and order as well as flexible enough to satisfy any religious definition.

Civil unions provide an appropriate mechanism for government to legally acknowledge marriage. One of the great benefits of this legal definition is that it removes the religious context from marriage. It can be argued that civil unions degrade the sanctity of marriage, but this is not a strong argument. The sanctity of marriage is granted by the church in which the ceremony is performed; a civil union is simply the legal recording of the act.

President Bush’s comments about codifying his definition of religion are a violation of the separation between church and state. While he is entitled to his belief in his definition of marriage, the religious underpinnings of his definitions must be recognized.

Please End the Grocery Strike

Saturday, January 31st, 2004


The UFCW Grocery Strike

On October 11, 2003, the United Food and Commercial Workers (UFCW, http://www.ufcw.org/) ordered its union members to go on strike at Southern California supermarkets owned by Safeway, Kroger, and Albertsons. As of this writing (January 20, 2004), no agreement has been reached to end the strike and we continue to face the moral dilemma of whether to cross the picket line to shop at Vons, Ralphs, and Albertsons.

Faced with increased competition from price-cutting monstrosities like Wal*Mart, KMart, and Target, supermarket companies are looking for ways to cut costs and stay profitable. Increasing health care costs have forced the supermarket companies to re-evaluate their benefits packages, and cuts to workers’ health care packages prompted the union to strike.

I can see both sides to the argument. Companies need to cut costs in an increasingly competitive environment. Health care costs have recently skyrocketed uncontrolled. From a worker’s perspective, working at a supermarket is attractive because of the benefits package. As a consumer, I have found that employees at supermarkets are friendly and helpful, a characteristic that is disturbingly (and understandably) lacking at non-unionized, minimum-wage-paying discount stores.

The strike has caused me to evaluate my shopping experiences at supermarkets and discount stores. The supermarket experience is fairly relaxing, with courteous employees who are happy to help with questions. At a discount store, employees tend to be disgruntled, poorly trained, and would rather avoid their customers than help with questions. While this is not a nice portrait of a discount store employee, I believe it has more to do with their working environment than their personalities. And I have come to the conclusion that I am willing to pay a little more at the supermarket than to endure the third-world hell that I associate with Wal*Mart.

The union wants us all to believe that if the companies succeed in cutting their workers’ health care packages, “…every worker in America will be at risk of losing their health benefits” (quote taken from ufcw’s home page 1/20/04). I agree that America will soon (and perhaps is already) face a terrible health care crisis. But for me, cutting health care benefits is another slip down the slippery slope toward the Wal*Martization of America, an abhorrent trend that is symptomatic of the worst traits of Capitalism. This strike symbolizes the workers’ plight against this trend.

I am angry at both sides of the supermarket strike. After 3 months, the union’s strike has obviously not affected the companies as the unions had planned. These are large, national companies whose temporary loss of profit in Southern California will likely be absorbed by their national operations. The unions must therefore change their tactic. They should order a nationwide strike until this crisis is resolved.

The supermarket companies are just as culpable for not resolving this strike. They have resorted to shady tactics such as sharing revenues during the strike, a tactic that takes advantage of the union’s show of goodwill when they announced that workers would not picket Ralph’s stores.

Boths sides should be ashamed that they have not actively sought to continue negotiations throughout the strike. Most of the time of this strike has been spent at an empty table. I believe the strike is a crisis, but I don’t think the unions or the companies share this belief.

This lack of negotiation is what angers me most; I can’t believe the gall that both the union and company representatives have shown by not negotiating. The striking workers have given their time and income to walk the picket line for an ideal. On January 1st, their healthcare contract expired, leaving them without health insurance. Supermarket customers have been grossly inconvenienced during this time, which included the holidays when cooking large meals for family can be difficult enough without the logistical nightmare of not being able to shop at supermarkets. San Diego experienced the worst conflagration in its history, leaving thousands without homes. My family has experienced two deaths during the strike. During this time, the companies and the union has abandoned their obligations to the public. Meanwhile, the union and company representatives continue to earn their salaries for not doing their jobs.

Please end this strike. If it means paying a little bit more to keep the supermarket employees happy, then please pass the cost down to the consumer. I’m sure many agree that paying slightly more at the supermarket is a fair price to stop the Wal*Martization of America. After all, isn’t that how Capitalism is supposed to work?

Don’t Support Your Local Fundraiser!

Saturday, January 31st, 2004

Don’t Support Children’s Fundraisers

One of my pet peeves at the office is when Joe Father or Annie Mother brings in things for us to buy to help support their little brat’s activities. This is not a new peeve that came about as I entered the working adult world; it is rather a feeling that is carried over from my childhood. When I was a kid, I participated in all sorts of fundraisers — from selling candy for the school band to selling tickets to the Cub Scout Jamboree. My parents did not help in my endeavor by peddling these unwanted and unnecessary trinkets to their coworkers. I went door to door, by myself, learning the fine art of the hard sell. I applaud my parents for doing so, because 1) this taught me a valuable work ethic and 2) my parents did not bring suffering to their coworkers. Unfortunately, I never really understood what it takes to be a good salesperson, and since most of my fundraising cohorts had obliging parents I was always outsold.

My Experiences with Fundraising

In the eighth grade, I was privileged to be accepted into the Gifted & Talented program at my middle school. Woo-hoo. The only thing I remember from this program was the fundraiser, in which we were pressured to sell $10 chocolate-peanut butter Easter eggs. One day, after school, when I probably should have been studying to keep my Gifted & Talented mind sharp (read: watching Thundercats on TV), I went around my block attempting to sell these eggs. Big surprise: not a single sell.

In another example of futility, I spent several hours one fine Saturday traipsing around the neighborhood attempting to sell, of all things, Cub Scout Jamboree tickets. I don’t remember the exact number of sells, but I know it was less than 5 and more like 2 — and those two were obviously pity sells.

Another debacle was experienced at the hands of my high school band’s pizza fundraiser. The idea was that we would sell pizza credits for 8 or 12 dollars (not sure of the exact dollar amount) and then one day we’d all stay after school to make the pizzas and deliver them to their recipients where they would heat the pizza up and eat it. Word on the street was that those who bought the pizzas were very happy with the product, but after another futile attempt in my neighborhood I only had 2 sells. Once again, these were pity sells.

All of these experiences had fatal flaws. I can’t think of anyone who wants to spend $10 on a chocolate-peanut butter Easter egg. Especially those who aren’t Christian. As for the Cub Scout Jamboree tickets: At $5 a pop (and this was in the early 1980s mind you), who in their right mind is going to want a ticket to see a bunch of Cub Scouts tying knots? Maybe the neighborhood pedophile might have some interest, but that subject will be discussed later. And finally, the pizza debacle was just too confusing. Payment in advance for a product whose delivery date is not certain and that you still have to cook once you get it? I think not.

The Pressure to Sell

One of the aspects of these fundraisers I remember is the tremendous pressure to sell. There was always a thin veil of a reward, such as prizes to the highest sellers. These prizes, of course, usually went to those fortunate children whose parents did the work for them by pressuring their coworkers into buying unnecessary fundraising crap.

In the Easter egg incident, I remember weekly Gifted & Talented meetings where all that was discussed was how far we were from our fundraising goal. They even gave me a quota that I failed to fill.

During the pizza debacle, I remember discussions during band practice about how poor we were at selling product, and how far we were from our fundraising goal. We were questioned how many we had sold in front of all of our classmates and made accountable for our lack of skill at selling nonexistent pizzas. Perhaps this was designed to build character, but in my case one who lacks character simply loses self esteem.

A Dangerous Walk

I am proud of my parents for insisting that I sell my wares on my own. However, it is simply not safe for a child to sell door-to-door alone. There has been a lot of media attention to child abductions lately, but this is not to say that pedophilia is new. I am thankful that I was lucky enough to avoid such a fate during my fundraising excursions and I hope that parents are learning to supervise their children when selling door-to-door. However, today’s economy makes it impossible to constantly supervise our children.

That being said, I find it disturbing that our schools and extra-curricular activities are promoting this dangerous activity for our children. Parents expect some amount of protection for their children when they go to school and I believe it’s irresponsible to expect children to participate in unsupervised door-to-door sales.

Who Really Benefits?

As a homeowner, I pay a boatload of extra taxes to live in my house. On top of the standard California property tax, our developer hatched a deal with San Diego County to tack on special “Mello Roos” taxes to help subsidize the added burden that our house puts on utilities and social services. I don’t like to pay these taxes, but I accept them since they supposedly help maintain a decent quality of life. Some of these extra taxes go to my local school system.

I don’t think it’s unfair to expect that the added taxes I pay helps our schools pay for their upkeep. However, on a weekly basis I find children participating in fundraising activities for their schools — selling door to door or harassing customers on their way out of the local grocery store. I am more than a little discouraged at the amount of money I spend in taxes only to find that schools are still relying on fundraising to get the funds they need.

Fundraising is a huge industry. Like any other large industry, it will protect itself at all costs. It markets itself to schools and non-profit institutions as a way to raise funds with products that people enjoy. In my experience, I have found fundraising products overly expensive and of questionable value. Generally, I would rather simply write a check to the organization rather than accept their tin of stale popcorn.

Supporting fundraising is a double-edged sword. Yes, I want the organizations that use fundraising to do well. But I find fundraising to be an avenue for depenency, especially for our school systems. Like any bureaucracy, educational departments demonstrate monetary needs by spending budget funds and demonstrating a need for more when necessary. If they rely on fundraising, they lock themselves out of any pool of funds that may be available in the future and therefore become dependent on fundraising for their monetary needs. Sports teams, music departments, libraries, and drama departments need equipment to sustain themselves. As a publicly funded institution, school departments should rely on the state for all of their funding. If they must rely on fundraising, then the decision makers higher up in the bureaucracy have failed in their duty to provide an adequate public school system.

United States Foreign Policy in the Middle East: Sticking Our Stick in the Hornet’s Nest

Wednesday, October 31st, 2001

Note: This was originally written some time in 2001.

Sticking Our Stick in the Hornet’s Nest: The American Foreign Policy Debacle

An unfortunate side effect of terrorism is that it works against the issues for which acts of terror are committed. After September 11, Americans became resolved to crush the terrorists who instigated the crime. Our response is justified, but our vision is clouded. While the terrorists’ ends do not justify their means, there are legitimate issues beyond terrorism that we must not overlook. While the terrorists bear the responsibility for the horrific crimes that they have committed, American foreign policy in the Middle East is partly to blame for the hostility that many feel toward the United States.

Saddam Hussein Won the War

When Saddam Hussein’s troops were driven out of Kuwait in 1991, it was a victory for coalition forces. Economic sanctions and U.N. inspections would supposedly keep Iraq from rebuilding its war machine. Ten years later, the people of Iraq still suffer the effects of sanctions and U.N. inspectors have not been allowed to set foot in Iraq since 1999. United States aircraft have been bombing Iraqi positions since the end of the war.

In hindsight, many agree that our biggest blunder of the Persian Gulf war was not pursuing Saddam Husseign and removing him from power. In my opinion, he should be tried at the Hague for crimes against humanity. However, the political sentiment at the time was extremely adverse to putting ground troops in Iraq, and our failures in Vietnam weighed heavily in our memory.

Husseign has continued to be a thorn in the United States’ side since the end of the war. His open defiance of the terms of the treaty that ended the war shows that he has never accepted defeat, and the United States has affirmed his defiance by not taking definitive action to enforce the terms of his surrender. His defiance is an example to all that the United States can be successfully opposed.

The Hornet’s Nest

Our decision not to pursue Husseign is indicative of our politics in the Middle East. Instead of taking definitive action, we constantly provoke a reaction and withdraw. We stick our stick in the hornet’s nest, rattle it a little, run, and come back to do it again. Inside the nest, agitation builds to a boiling point.

We approach the Middle East without any understanding of Arab culture and values, as disciplinarians who rebuke a child without enforcing a rigid standard of discipline. We built Husseign up during the 1980′s as a potential ally against Iran, then turned on him in the 1990′s as an enemy of democracy. We armed the Afghan resistance to the Soviets in the 1980′s but turned our backs when the Soviet Union fell. Our foreign policy is replete with examples in which we tacitly support opposition groups, only to abandon them when they seize power and need our help to rebuild.

While we have not formally endorsed the Northern Alliance in Afghanistan, we encourage them to topple the Taliban. Our pretenses bely our political objective, which is not to replace the Taliban with the Northern Alliance but to encourage a different governing body altogether. If the Northern Alliance is successful in its campaign against the Taliban, they will not be allowed to enjoy the fruits of their labor.

The terrorist attacks on the United States are in no way justified by the inadequacies of our foreign policy. But it is imperative that we understand the roots of the hate and hostility that have lead to the attacks. We must not be blinded by the atrocities committed against us; while we must take action to bring the terrorists to justice, we must also address the issues that led to the attacks.

Privatizing Social Security Is a Bad Proposal

Wednesday, October 31st, 2001

Note: This was originally written some time in 2001.

Privatizing Social Security

The Issue

One of the ideas kicked around by George W. Bush during his presidential campaign was to give today’s workers the option of investing a portion of their Social Security benefits in what he called “safe investments” in the stock and bond markets. This idea is part of a broader move to privatize Social Security. This document will expose some serious flaws in privatizing Social Security that deserve consideration.

The Goal of Privatization

I don’t completely understand the argument for privatizing Social Security, and I will not attempt to create a “straw man” argument that I can easily knock down. However, I think it is necessary to give a cursory view of what I understand to be the goal of privatization.

There is a justifiable concern among today’s workers about the viability of Social Security. Doom and gloom reports have stated that our Social Security system may be bankrupt by the year 2019, and while no one knows exactly when the system will crash, most of us agree that without reform, Social Security will crash some day in the near future. Those of us who are paying into Social Security are concerned that we will see no personal benefit from the many years of sacrificing our incomes.

Privatization hopes to address this issue by giving workers some degree of control over their retirement benefits. The American stock market boom of the 1990s left many wondering why we shouldn’t be putting our Social Security funds into investments that will appreciate considerably instead of leaving the funds in government coffers that presumably gain little or no interest. If we can direct money in our 401(k)s, then why can’t we do the same with Social Security?

What is Social Security?

Social Security is a government-sponsored pyramid scheme. Social Security taxes paid by workers are distributed immediately among its beneficiaries. The system is not designed to be a traditional savings account; it is a flow of money from people who work to people who receive benefits. Social Security is also a life-preserver, something that will help those who fall through the cracks. It provides a cushion when our investment decisions turn sour, even those that are considered “safe.”

The Problems with Privatization

Social Security is not a savings account. Allowing workers to invest a portion of their benefits contributes to a misperception that it is a personal retirement account. If we decide that workers can invest their contributions, where will we make up the difference for today’s beneficiaries? Tying up Social Security funds in investments will keep them from going to those who should be receiving them.

Mr. Bush stated that workers would be allowed to place their money in “safe” investments, including the stock market. I find several troubling issues with this proposition. Who will decide what is safe? There is already broad risk in the stock market, even among stable companies. Prices in the stock market are governed by supply and demand; when demand for a stock increases, so will its price. Companies that are deemed “safe” will see their stock prices climb artificially when the new influx of Social Security money comes rolling in; those who already own stock will profit nicely — especially the CEOs. This scenario adds a whole new avenue for corruption: CEOs and stockholders who want their companies on the ‘safe list’ will pressure the government for inclusion. And there will be unknown effects on the market when the workers who are investing today begin withdrawing tomorrow for their retirements.

Implementation of Mr. Bush’s scheme will add a whole new layer of administration and bureaucracy to an already-bloated Social Security Administration. Who will administer the trading of securities? Where will securities be housed? Who will resolve trading disputes? And, perhaps most troubling of all, who will take care of shareholder proxy voting? Privatizing Social Security will result in private companies handing over control to the public sector as its shares are bought up through Social Security. The added bureaucracy and shift of power are an ironic twist for someone who ran for President with the goal of decreasing the size and power of the Federal government.

Whether or not you agree with how Social Security works, I do not believe that privatization will help alleviate the problems with Social Security. It can only make them worse.