Posted on 11/02/2002 8:59:53 AM PST by WaterDragon
There's nothing risky about putting money in the bank.
Let’s say that you aren’t a longshoreman who makes $150,000 a year for keeping track of the numbers on the containers unloaded or loaded by the big cranes at the docks. Let’s say, instead, that you work at a machine shop, running a lathe.
You started doing that back in 1963 when you finished your hitch in the Air Force.
Over the years, your salary has increased because you got raises for being more experienced at what you do, and raises just to keep up with inflation. You began at four bucks an hour. Today, you make sixteen bucks an hour.
In April, you’ll be 62 years old, and after forty years at the same job, you’d like a rest, and a chance to look around to see what else you might like to do. How much money do you have in your social security account after paying into it all these years?
Nothing.
Every dime is gone. Spent by congress...(snip)
For the full article, please click here.
There’s no money in the box, and the government can’t just print lots of additional dollar bills because that causes inflation. Double the amount of dollars in circulation without increasing their value (increased productivity), and each dollar will be worth fifty cents in purchasing power. A car that last year cost you ten grand will this year cost you twenty grand...
Now that this fella has figured out the Social Security System, he now needs to spend a great deal of time on Fort Knox and the Federal Reserve System hoax foisted upon us by the Repbulcians at the turn of the last century...
So what about the solution??? Anyone have a solution??? I don't...But I know one thing that would help...Move our manufacturing base back to the U.S...Bring our tax base back...Give us something to work with...
Admit a massive influx of immigrants to keep the pyramid scheme going.
Sure, the solution's quite easy. "If you don't work, you don't eat."
And, as far as inflation goes, I'm all for that! I want to suck every bit of value I can from the ill gotten gains sitting in those offshore accounts of the Bill Clintons and Ken Lays of the world!
Bottom line: the average recipient is getting about TEN times what the average SS recipient is. You won't see that story on the evening news.
If I owned a business, I'd be damned if I'd let you or
anyone else tell me where to locate. Get the ridiculous
corporate taxes back into check and the mountains
of regulation shrunk back to a molehill. Then watch
risk capital flow back into the country. As long as
you think of free enterprise as nothing more than
your tax base, the US will continue rappeling down
the socialism hole.
I have to say I'm shocked to see it coming from an Oregon newpaper!
Great site, and it looks like they watch FR:
... You get the idea. Your tax $ at work.
4 posted on 10/19/02 7:13 PM Pacific by redbaiter
Yes, I noticed that after I posted. Still, it's a Keeper!
It could happen in Oregon and other states, if enough pressure were applied in the right places.
You may be surprised to learn that some of your fellow Oregonians are at the forefront in the movement to "opt out" of Social Insecurity.
The Cascade Policy Institute has been working on this since well before Oregon Magazine came on the scene.
Perhaps a well-written letter to the editor would start the ball rolling? Journalists as a general rule seem to relish "finding" stories that have been inadequately covered in the major media. But oftentimes they could save themselves a lot of effort just by calling around to one of various think tanks that, unfortunately, don't have the resources to publicize their reports and studies.
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