The Immorality of Socialist Insecurity
JT at Between Two Worlds raises a good question about the morality of Social Security. I agree with him. Plainly stated, our current Socialist Insecurity system involves this scenario: the government, without your permission and ostensibly for your own good, forcibly confiscates a percentage of your income. It does so because it judges you, apparently, incapable of caring for yourself in your old age. Then, if you happen to live to be 65 years of age, the government will parcel it back to you after it has accumulated a pathetic rate of interest over the many years you paid into the system. It will not be enough, of course, to enable you to live very well–in fairness, it was not designed to be a person’s sole means of support in retirement. As JT says, this amounts to theft, particularly if you don’t live to be 65, because then the government keeps it.
Exactly what, again, is so special about this system that makes us want to keep it so badly? Ergo this quote: “those who are willing to trade freedom for security deserve neither.”
Radley Balko makes the argument as pertains to young workers. Let’s hope the young heed his warning and rise up to put a stop to this insanity (assuring that those who have paid in do get their benefits, of course).
Social Security’s No Benefit to Young Workers
This phrase comes from the 1978 "Jonestown massacre" in which most members of the Peoples Temple cult, blindly following their leader Jim Jones, committed suicide by drinking cyanide-laced Kool-Aid.
Osborne: A Contrarian's Guide to Knowing God
Schlossberg: Idols For Destruction
6 Responses to “The Immorality of Socialist Insecurity”
Merry Christmas sweetie! Thank you for being such a studly blogger; you are the new hottie in my book.:oops:
jeepcreepChick ~ Dec 24, 2004 at 11:24 pm
Now that is a post worth reading! Jeepcreepchick sure didn’t forget the dash…
Warren throckmorton ~ Dec 25, 2004 at 4:14 pm
Sweetie…studly…hottie…what three words better describe the Pundit?
Byron ~ Dec 25, 2004 at 9:25 pm
Ok, give me some time and I am sure I can think of three, maybe more…
Warren throckmorton ~ Dec 25, 2004 at 9:34 pm
But seriously now…I want to invest my social security dollars myself. I think even at my advanced age I could do a better job in the market. Buy DHI! If I could invest my SS contribution I would buy all of that company I could afford.
Warren throckmorton ~ Dec 25, 2004 at 9:37 pm
Hmmm, I go away for 2 days and come back to find you have a blog groupie?
To jeepcreepChick, you’ve obviously never met the pundit in person!
Paul - SteelerDirtFreak ~ Dec 26, 2004 at 8:31 pm