REAL SOCIAL SECURITY REFORM
I’m in favor of Social Security reform.
If by “reform” you mean “elimination.”
But if by “reform” you mean “perpetuation,” I’m not interested. I don’t want to save Social Security, I want to kill it.
Few programs have done more to rip off the American worker or weaken the American economy. Few programs have been greater misuses of American power. Few programs have done more to lower the standard of living of American workers.
This one’s a stinker.
Unfortunately, you’ve never heard anyone say that before. Mostly, you’ve only heard people pledging to defend Social Security as if it was a patriotic duty. As if it were something that actually did our country some good.
But this doesn’t.
Rather, it picks the pocket of American workers and steals their individual prosperity and initiative. It is a cancer, and all the politicians are pledged to not removing it.
First off, Social Security isn’t about retirement. Not entirely.
Originally an emergency pension for widows and orphans, Social Security has grown into the largest example of socialism in the world. It provides meager pensions to retirees, but is increasingly more focused on lifelong disability checks for the sick, lame and lazy. While political attention is focused on Social Security retirement – because it is a sympathetic cause – the program’s growth area is Social Security disability – which many people see as a goldbrick club.
But the real point of Social Security is not the recipients, it’s the contributors.
And by “contributors” I mean people who can go to jail if they don’t give money to the government.
A lot of money.
A total of 15 percent of your gross income. Between the “contributions” of workers and their bosses, 15 percent of every payroll dollar in America goes into the Social Security rat hole. Fully 15 percent of the productivity of the largest economy in the world goes to one welfare program.
And all of that comes out of that economy before a legion of other taxes. Whatever your income tax rate may be, add 15 percent to it. And don’t forget your state taxes, and the various fees and hidden taxes that bleed our economy die.
Social Security takes that 15 percent of our earnings in the name of “helping” us. Actually, it is nothing more than the government helping itself to our money.
Again, this is ostensibly done with the intent of providing us with a supplemental income in our old age.
I suspect, however, that the net impact of Social Security is to make old age – and, in fact, all of life – more impoverished.
How can that be?
By depriving us and the economy, over a lifetime, of a significant portion of our earnings. A portion which, if used as we see fit, would dramatically better our financial situation.
If over your lifetime you had been paid 15 percent more, you would live in a better house, send your kids to better colleges, invest more in your own future and be in a better position to start your own business. That extra amount of money, applied to your interests and ambitions, over the course of a lifetime, would give you a better life.
And a freer life.
Freer in that you would be determining what to do with your money, instead of having the government take it for its own purposes.
Social Security has for years been a cash reserve for the general federal budget. The fiction of a separate Social Security fund has been nothing but a cover for a double federal income tax.
Social Security isn’t our friend in old age, it is a thief in the night.
And it’s not apt to be going anywhere.
The best we can hope for now is to limit it, and to open the door to escaping it.
Instead of automatically speaking of Social Security with an awe and reverence, we should recognize it for what it is.
Something that has a lot more to do with Marx and Engels than Washington and Jefferson.
Unless you’re talking about the currency, and not the men on it -- or the type of country they envisioned for us.
- by Bob Lonsberry © 2012