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October 12, 2005
America's CEOs support personal accounts
PricewaterhouseCoopers has surveyed 350 CEOs of fast-growing companies about Social Security reform. What did they find?
Well, for starters, they found that the majority agree that Social Security is in "a crisis state, requiring an immediate, long-term fiscal solution." That's pretty strong language, especially coming from individuals who manage multi-million dollar businesses every day.
So how do they feel about personal accounts? 62% "favor the option of private accounts for younger workers—the President’s proposal where young workers voluntarily set aside approximately 25 percent of their Social Security payroll taxes in a special account, where they may choose from 4-5 conservative investments, with the possibility of earning a higher retirement benefit." Only 29% disagreed.
So let me get this straight. We have established that: the majority of AARP members support personal accounts, young people support personal accounts by a ratio of nearly 2:1, and now over 3/5 of CEOs, the people who are the front lines managing pensions for their employees, like personal accounts.
This just proves the point we have been making all along: Despite the scare tactics of AARP and Rock-The-Vote, people overwhelmingly agree with us when they actually hear what personal accounts are all about.
Posted by Jeremy Tunnell at October 12, 2005 09:50 AM
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Comments
I hope those alleged 62% are ready to suck govt balls. Most CEO's of the big ones are I suppose, but this will only further their need to do so.
Posted by: Noid at October 14, 2005 12:49 AM