I know what you’re trying to say, for I too, had your hard core belief in our capititalist system. But something is wrong now with our economy and even the whole system, and I can’t quite put my mind to exactly what it might be.
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The problem is easily identified as debt. Debt incurred by spending and promising to spend more then can be afforded. The solution is as easily identified as cutting both current spending and future spending.
I think up until very recently the politicians who engineered this (world wide) Ponzi scheme of ever escalating give aways funded by ever increasing taxes believed there horseshit scheme would last forever or atb least until THEY retired with their stash.
Now that realization has hit them they know exactly what must be done but the problem is to convince the “deliberately kept stupid public” of what must be done. The public was led to believe and mostly still does that if taxes are just raised on the “rich” who certainly don’t NEED all that money and in any case stole it from hard working middle class people, all the problems would go away and paradise will remain open.
That extreme cuts in both current and future spending will be made is a given. It is just a matter of when and how extreme. Will the “free stuff for me” crowd be upset? Will they riot? probably they will to some extent but it will in the end make no difference because if the cuts are not made soon the pain and the rioting will be that much worse and the so called “leaders” know this. Being politicians it is difficult for them to come right out and state the obvios and admit their past policies are all failing and we must make corrections to sustain the necessary programs now or else they will be lost forever or so diminished they will be all but gone.
SS will go private, of that I have absolutely no doubt and it will begin with all those entering the workforce and include those already in the workforce to a limited extent based on their age and how near retirement they are. The retirement age will be raised and perhaps some means testing done as well as removing the cap on SS pmts (I know it’s a tax increase but it may be necessary). There will be medical savings accounts made mandatory to new entrants into the work force and these accounts will fund the medical coverage for workers who retire.
Some changes will be radical and the ones who will scream the loudest are predictable and they must be ignored. Like that man said,(paraphrase) “The needs of the many outweigh the wants of the few”
“SS will go private, of that I have absolutely no doubt and it will begin with all those entering the workforce and include those already in the workforce to a limited extent based on their age and how near retirement they are. The retirement age will be raised and perhaps some means testing done as well as removing the cap on SS pmts (I know it’s a tax increase but it may be necessary). There will be medical savings accounts made mandatory to new entrants into the work force and these accounts will fund the medical coverage for workers who retire.”
This is so sensible, one wonders why it hasn’t been the norm for these past 70 or so years. Really!