"These transfers do not change your family net worth."
That's certainly good to know and I'm glad to hear that all these transfers are unnecessary so that we can merely stop making them and save all of those administrative costs do to governmental "management" of things.
I haven't the slightest doubt that we could do the same thing with the Medicare entitlements too since after all that money stays within the economy also. think of the savings!!! Those funds just get switched back and forth from one family to another anyway but don't really affect anything.
Come to think of it, we could just eliminate money, wages, investments, etc. None of that stuff matters as it just circulates around and everyone passes it back and forth among themselves. Hardly worth the effort, I'd say.
I never said they were unnecessary. They just don't reduce national wealth. I sure wouldn't mind if they were privatized.
If I promise to move $1 million from my left pocket to my right pocket on Aug 1st, I'm not suddenly bankrupt because I can't scrape together $1 million.