Social Security is a program that was established based upon: misleading arguments, intentional falsehoods, and outright Social-Fascist propaganda… it is both highly detrimental to our overall society, and to the individual Americans involved specifically… and its clearly explained and politically known Ponzi-Scheme design has ensured its eventual destruction within the next ten years, anyway! However, for those of you that don’t understand the issues involved, I will gladly explain this particularly harsh political statement.
At the time of Social Securities adoption, our leaders made the following societal statements: “The American electorate is ignorant, slothful, and lazy when it comes to preparing for their necessary and eventual retirement.” “They haven’t the wisdom to prepare for their own inescapable futures, nor a proper understanding of the necessary investment vehicles to achieve that purpose.” “It is, therefore, an inherent function and necessity for our government to properly act in their personal best interests to meet these necessary societal needs.” Apparently, they didn’t [honestly] hold us in a very high opinion or personal regard!
However, let’s examine these governmental premises on their merits with respect to actual Truth, rather than Political Spin [necessary] to simply take all of our hard earned money or cash. There are three of them, and they follow a very logical path or line of thought. Each one of these, building upon the other!
Quote: “The American electorate is ignorant, slothful, and lazy when it comes to preparing for their necessary and eventual retirement.” This statement seems very arrogant, condescending, and pompous – particularly since it is factually untrue! Let’s examine the facts.
According to the United States Census Bureau, an astounding 66.2 percent of retirees owned their own homes, free and clear, in the year 2000. The median home value was listed as $119,600 dollars at that particular time. Your single largest expense and ongoing cost throughout life is that mortgage! Meanwhile, that percentage could only go up if every American had 16.9 percent more income to spend over the course of their lifetime. Without Social Security taxation, that is precisely what would happen!
Fully 54 percent of Americans are expecting a 401(k), IRA, Keogh, or other retirement account to provide a highly necessary stream of retirement income… 26 percent of our citizens have a reasonably suitable employee retirement or pension… 17 percent believe that their regular savings accounts and CD’s are certainly adequate… another 17 percent have placed their trust in Individual Stocks or Mutual Funds… 8 percent are looking toward their annuities and insurance plans… and 6 percent have invested heavily in properties and residual rental incomes. This is according to recent Gallup estimates.
Meanwhile, the very same poll [dated: 6–9, 2008] states that only 31 percent of Americans have any trust in Social Security at all in meeting these eventual necessary needs. Apparently, these citizens are far more intelligent, pro-active, and industrious than our leaders ever imagined! And yet, with 16.9 percent more income, in every solitary paycheck, how many more of us could finally afford to prepare for that inevitable time of potentially long term unemployment? How much more would those investments, inherently, be if more properly funded on our own?
Let’s, also, examine their next statement.
Quote: “They haven’t the wisdom to prepare for their own inescapable futures, nor a proper understanding of the necessary investment vehicles to achieve that purpose.”
According to the Brookings Institute, the combined average return on individual retirement investment [through all of the above mentioned vehicles], for the average American citizen has hovered around 6.4 percent since the year 1910. So how did your leaders do? Not only didn’t they invest it at all, but, they have systematically spent all of it – even before it came in! Who is it that understands the necessary concept of investment? They claim, they do?
Meanwhile, Social Security nears system wide bankruptcy without possibility of societal resuscitation in only a few short years. Talk about being good shepards of our retirement funding and money. Unless you are in the “baby-boom generation,” or older, you’re going to be sunk – even before you get to set sail!
Finally, let’s look at the last statement.
Quote: “It is, therefore, an inherent function and necessity for our government to properly act in their personal best interests to meet these necessary societal needs.”
According to The United States Constitution, only it can define any inherent or necessary function either: as written, or properly amended by, “The Will Of The People!” What part of that is unclear to everyone? We are all, “We The People” and some of us prefer the laws being written to actually be legally established – particularly if we are going to be submitted to the Political Tyranny of others! More importantly, we have a Right to demand for these laws to be properly struck down due to a failure in following strict constitutional procedure!
However, the reason that they would never put it to a vote for proper constitutional amending is that there aren’t enough of us, stupid enough, to enact it after witnessing such startling failures already – under those currently illegal laws! Nor, will the courts revisit this issue without a societal nudge… since, the enormous amount of potential restitution involved could not conceivably be dealt with effectively by anyone! Thus, we must move for amendments precluding these types of programs on an honestly forward moving political basis and act as if it were already legal.