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To: jessduntno
Dr. K is, as usual, confused. Social Security isn't much more mandatory than the classic Ponzi scheme. The government can only “force” people to participate as long as people keep voting to be forced. When enough people realize it's a fraud, they can just elect a government that will release them from it, which is exactly what they will ultimately do. Social Security is an empty promise that will be broken — guaranteed.

There's no way to fix SS and it isn't humane at all. It is just a thin veil thrown over the confiscation of a large part of America's retirement savings. SS will have to be abolished (probably in several stages) along with the payroll tax and replaced with an honest welfare/income support program for the elderly financed out of the general fund. No government can keep a promise to care for everyone. It's civilizational suicide.

12 posted on 09/16/2011 7:55:41 AM PDT by fluffdaddy (Who died and made the Supreme Court God?)
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To: fluffdaddy

The government can also only force people to pay from taxable income. Those that have found alternate methods of income can affect the equation. Greece has this problem. There is a huge underground cash only economy that is never reported. The amount of tax dollars not collected is staggering. When taxes become punitive, people either stop producing or they figure out a way to produce just enough to survive without the government getting a cut.


16 posted on 09/16/2011 8:01:02 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: fluffdaddy

—No government can keep a promise to care for everyone. It’s civilizational suicide. —

Just ask Greece.


17 posted on 09/16/2011 8:02:59 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: fluffdaddy

—No government can keep a promise to care for everyone. It’s civilizational suicide. —

Just ask Greece.

Or any of the PIIGS.


18 posted on 09/16/2011 8:03:17 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: fluffdaddy

“Dr. K is, as usual, confused. Social Security isn’t much more mandatory than the classic Ponzi scheme.”

You mean, except one is voluntary and the other is mandatory?

The key phrase in your contention is “as long as people keep voting to be forced.” The similarity to the Ponzi scheme is that the suckers don’t know their money is gone until it’s too late. And for many over 50, that is what has happened.

SS CAN be fixed for...by voluntary privatization, so that the suckers like me that have paid in for a long, long time don’t lose everything they put in and younger participants who have paid in something will get that something out. Some will volunteer to put some in (just as some overpay income taxes to get a rebate at the end of the year, even though the rate of return is dismal) even though they know it will NOT perform well. The fix, as you say, involves not promoting it as a “ promise to care for everyone.”


21 posted on 09/16/2011 8:09:21 AM PDT by jessduntno (Obama shanks. America tanks.)
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