Thursday, August 23, 2007

THE BIG SCAM: SOCIAL SECURITY

I don't think that there has been a bigger scam on the American public then Social Security. This programs violates personal freedom and responsibility unlike any other. The fact that practically every news operation and the American public in generally call for saving/enhancing this program is absurd.

First, the idea of mandatory social security tax in and of itself is crazy. People think without it some will have no money for retirement. True some may not, but isn't that their choice. What one chooses to do with their own money whether save it or squander it is their business. Some say we will have to take care of the people who don't save for their retirement. Of course we won't, that is a problem in a socialist government but not in a free one. Secondly how does the government know when you need your money best? If I have a temporary emergency shouldn't I chose to have that money now rather than be forced to use it to save for my future?

Even if you accept the government has a right to treat us like children, why are we forced to invest in their instruments? If I am forced to invest for my future why can't I invest in whatever I feel will give me the highest rate of return? Social Security pays out less than 2% on your money. I can get twice that amount in many CD'S or even some savings accounts. Forget about how much more I could make by putting it in the stock market. Still we are forced by the idiots in both parties to take a terrible return on our money.

Another draw back of social security is when I can take my money. If I can afford to retire at 50, why should I wait until they say I can start collecting. Isn't it my money after all? Additional If I die before I start collecting S.S why I can't leave it to who I want? It is starting to sound like it isn't my money after all.

So with all these benefits you would think Social Security would be safe. HA! Social security will be bankrupt by the time I am old enough to start collecting. Now there is talk of lowering benefits or raising the retirement age. Wow what a deal.

If you want to live in a free country the only right thing to do is to abolish this system and return to a system where people are personally responsibly for their own accounts. For those of you cry babies who still like Social Security move to France and stop bringing me down.

1 comment:

Anonymous said...

Socialism! Catch the Fever!