专四专八考试

【单选题】ManyAmericans-perhaps most of them-aren’t ready for PresidentBush’s "ownership society". The idea sounds gooD、Employees could shift a portion of what they pay into Social Security and put it into individual accounts that might gain higher returns in, say, the stock market.
They could also reduce their tax bill by starting Health SavingsAccounts, Retirement SavingsAccounts, and Lifetime SavingsAccounts.
These options reflect a certain conservative logiC、Rather than having the government or your company decide how much retirement money or healthcare you get, you can decide for yourself.
"If you own something, you have a vital stake in the future of our country," Mr.Bush explains.
"The more ownership there is inAmerica, the more vitality there is inAmeric
A、"
The flaw in this logic isAmericans lack of financial sophistication. For example: Less than one-quarter of working-age people characterize themselves as "knowledgeable investors," according to surveys by John Hancock Financial Services.Even this minority shows "considerable confusion". For example: Many surveyed thought money-market funds included stocks and bonds.
That doesn’t meanAmericans are stupiD、They just have better things to do. "Many people don’t have the time, inclination, or expertise necessary to take full responsibility for their own well-being in areas that are so complex as assuring they have sufficient income for retirement or choosing a health plan appropriate for their circumstances", says Robert Reischauer, president of the Urban Institute, a Washington think tank.
Moreover, manyAmericans would have trouble reading the documents involved in such decisions. Some 44 million adults at the lowest of five levels of literacy were unable to decipher simple texts and documents, according to a decade-old survey by theDepartment ofEducation.Even the larger number of people at the next level of literacy would find financial reports and documents difficult.
Because it goes to the heart of the liberal-conservative divide over the role of government, the ownership society sparks political controversy.
"Boneheaded, wacky, breathtakingly threatening," writes Greg Palast forAlterNet, a liberal website set up by the Independent Media Institute. It’s "lopping off a chunk of Social Security insurance revenue for gambling in the stock market."
On the conservative side: The ownership society "tends to encourage self-esteem and healthy habits of behavior, such as acting more for the long term, or taking education more seriously," arguesDavidBoaz of theCato Institute, a libertarian think tank in Washington.
But judgment doesn’t need to rely on rhetoriC、The United States already has experimented with transferring the major responsibility for retirement savings from employers to employees. It’s the 401(k) plan, which got going in the 1980s.
Workers are "overwhelmed" by them, arguesBostonCollege’sAlicia Munnell, who withAnnika Sunde wrote a new book, "Coming Up Short," on these popular retirement plans. For example:
Only 25 percent of eligible workers join the plan. (TheBush private accounts will be voluntary for younger workers.)
Ninety percent of those participating contribute less than the maximum.
Almost 60 percent of participants have undiversified portfolios, with almost all their money in stocks, or in bonds and other fixed-income investments.About 20 percent of 401 (k) assets are invested in the stock of the company employing the workers-risky indeed, asEnron employees found out.
Hardly any participants take time to rebalance their portfolios as they age or the market changes.About 55 percent of them cash out their accumulated funds when they leave a job, instead of saving the money for retirement.
The result is that those currently approaching retirement (aged 55 to 64) have, on average, about $50,000 in their 401(k) plans. T
网考网参考答案：C
网考网解析：
布什“所有权社会”的主张背后的逻辑依据不包括以下哪一选项 布什的观点是“the more ownership there is in America，the more vitality there is in America.”这强调“所有权社会”能够激发个人的主动精神，从而激发整个美国社会的活力。 document.getElementById("warp").style.display="none"; document.getElementById("content").style.display="block"; 查看试题解析出处>>