We all need A Course in Miracles in management.Originally Posted by David Merrill
26 American cities are bankrupt, the first time in history, The U.S. economy is short about 100 million full-time jobs, obamacare is in the pockets deep of the American people, four countries are refusing to use the federal reserve currency, Social Security's 57 million beneficiaries on its way to 70+ million as the Baby Boom retires en masse.
The soon-to-be 70 million beneficiaries of Social Security would need roughly 210 million full-time workers earning decent money to sustainably fund their benefits.
I have often covered here (just type end of work into the custom search box on the main blog page), the number of full-time jobs with decent pay may well decline sharply, even in "good times," i.e. periods of expansion.
If their system doesn't change, the young workers currently paying into the social security fund their elders' retirements will get little to nothing out of the system.
Why should any workers pay into a retirement system that cannot possibly offer them any benefit?
Forcing any workers to pay into the social security Ponzi Scheme is generational injustice on a vast scale
Interesting comments on this article.
Sometimes a cigar is just a cigar. Social Security is in fact a Ponzi scheme with all the attributes thereof. When you "contribute" to Social Security by way of FICA taxes where does that money go? To the general fund and current recipients (read Helvering v. Davis and Flemming v. Nestor). And when you are old enough to collect it where will that money come from? From those paying FICA taxes at the time. So in fact it is generational theft. And by the way, you don't contribute a dime to Social Security. Nobody does. It is stolen from you by way of immoral direct taxation. Right now the unfunded liabilities of Social Security is $16.7 Trillion. Medicare is underfunded roughly $87.7 Trillion and Medicare Part D (the relatively new prescription drug program) is underfunded $22.1 Trillion. How is that not generational theft? Someone is going to pay the bill and it will be the next generations that do so either by increased taxation or forfeiture of the money that was stolen from them through currency debasement and reduced benefits.
"The problem is you are supporting a divisive piece of propaganda that misdirects the blame from the State to arbitrary citizen groupings." So individual citizen groups bear no responsibility what so ever? It's all the states fault? The state has no more power than the citizens allows it to have. And people in this country across the board have given government almost unbridled power by continuing to elect then reelect the same people over and over again. Ida May Fuller bore no responsibility at all for robbing her children and grand children when she, er, contributed $24.75 to the system and drew $22,288.82 in lifetime benefits?
And yeah, you don't contribute. To contribute implies doing something of your own volition and willingly. You contribute to your church. You contribute to a charity. You DON'T contribute when you pay taxes. At least if you're a normal person. You do so because a group of people with a monopoly over the use of force tells you to pay them or else you risk losing everything you've worked for, perhaps be imprisoned. It isn't a contribution when a gun is being held to your head.
Finally, you said - "it used to go to the SSA to be invested (treasuries) and earn interest." You have got to be kidding. And where does this so called interest come from? The creation of more debt that's where. Government can't create interest except through stealing it from you and I. Government creates nothing. http://www.zerohedge.com/news/2013-1...ial-insecurity
Lots of Americans have questioned the legitimacy of the personal income tax, but it seems that everyone just loves the Social Security program. Social Security is the sacred cow that no one is ever supposed to criticize. Oh, sure, some claimants of Social Security find fault with what claims are denied or only partially funded. And lots of people are now pointing out that Social Security is not going to be solvent in the near future. But up till now no one has questioned the legitimacy of the Social Security program. How did a country in which “all men are created equal” (and, of course, women) end up subservient to a multitude of federal government agencies?
If all Americans are created equal, how can some bureaucrat from the EPA regulate how an American’s land is to be used? How can some bureaucrat from the FDA regulate what an American can choose for healthcare? How can some bureaucrat from the SEC regulate how an American can invest money? How can some bureaucrat from the IRS regulate how much of an American’s money the federal government can take? How can some bureaucrat within the Department of Labor dictate what an American may pay his employees? How can some bureaucrat within the Department of Education determine what an American’s children must be taught? http://newamerica-now.blogspot.com/2...w-how-you.html
State Sanction Profits http://www.youtube.com/watch?v=2QBSkWbQA1c
You don’t want to know. http://www.usdebtclock.org/
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