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07-20-2015, 01:01 PM
Socialism does not reject private property. Communism rejects private property. Socialism allows theft from the productive people to support the parasites of society. Social Security is a pyramid scheme, with a blended investment at ZERO return. Imagine people buying into an investment that pays them ZERO for 45 years on their money? Social Security pays out what it takes in to pay today's retirees. Their money went to past retirees. Like W's Part D medicare the people today paid NOTHING into it, but they live off people working today. Basically Social Security was a tax on future generations (who could not complain) to pay a benefit to someone today. Worse still people live longer, and SS gives raises (albeit tiny now). SS says people exhaust their (and their employers contributions) by age 72.33. That means that the money they saved at ZERO percent is gone, and now they life off someone else's dime (most would call it welfare).
Why not let people control their own retirement savings? Answer: because the pyramid scheme would collapse. It will anyway, it is just a matter of time.
Why not let people control their own retirement savings? Answer: because the pyramid scheme would collapse. It will anyway, it is just a matter of time.
"An unarmed man can only flee from evil, and evil is not overcome by fleeing from it." -Col. Jeff Cooper
Why not let people control their own retirement savings? Answer: because the pyramid scheme would collapse. It will anyway, it is just a matter of time.