One of the things I don’t hear a lot of people talking about is the fact that Social Security is already bankrupt.
First, a point of clarification. Most people seem to think that Social Security is a sort of investment plan. The way it works, in their minds, is we give the government money, the government holds on to that money and earns a bit of return, and then we get the money back after we retire. This is certainly the way the government wishes we thought of Social Security, but it is wholly false.
Some people think that Social Security is similar to the above, except if you die too young or make too much money, Social Security keeps the rest. This is closer to the truth, but not in the way you think. Under this understanding, it becomes clear how discriminatory Social Security really is. Any other type of retirement investment would pay out the remainder to the survivors as part of the estate of the deceased. That’s only fair. If there were a retirement program that kept the remainder, we would rightly throw them in jail and expect them to pay back what they stole, because it would be theft.
The way Social Security actually works is the government takes, by force, money from workers. This, in addition to cashing in government bonds, is paid out to the survivors who collect on Social Security. If there’s not enough money, then Social Security cashes in more government bonds. The money for the bonds comes from the American Taxpayer, of course, which includes Social Security recipients nowadays. So you’re paying taxes on your Social Security so that you can collect Social Security!!
One day, Social Security will run out of government bonds. At that point, estimates are that the survivors will only collect 75% of what they were promised. I’ve been getting letters for years from the Social Security administration explaining this.
This is, in short, a plan not designed to support seniors in their retirement, but to fleece the American public. In years past, it has become a plan to fleece even those who aren’t working anymore, our retired elderly.
Social Security has served two purposes in our society. One is to enslave the American people to government. Nowadays, the thought of shutting down Social Security is met with angry violence. “How dare you make me independent of my government! It feeds and clothes me and I can’t survive without it!” This is the behavior of slaves who are bought and sold by their masters. I cannot do much to convince someone so entrapped in slavery that they are in slavery and they need to take (painful) steps to become independent again. The only good thing going for us is we need to wait a few years and they will pass on, their slavery becoming, one day, a distant memory to us. I can, however, convince people not to enter into slavery. I am certainly doing my best to prepare for retirement, and I’m counting on collecting $0.00 from the government in cash and benefits. All who have yet to retire should do the same. If you aren’t able to build up enough cash and wealth to support your retirement, then it’s time you taught your kids that the young’uns should take care of the old’uns, and you do that by taking care of your parents. If you haven’t any kids, well, what can I say? Since the beginning of time, kids have been the only sure retirement plan, and it looks like you missed the boat on that one. If it is true that human life is worth more than anything else, then it stands to reason that those who have sacrificed to bring human life into this world and raise them right have more wealth than anyone else. Don’t expect someone else’s kids to take care of you when you have not made the same sacrifice their parents have.
The second purpose of Social Security is to usher in communism and socialism. The slaves of Social Security are merely pawns in the grand scheme that is communism. You might know it by other names, but in the end, it is all the same. All the power to a few, and the rest are mere serfs. That’s why the great desire to reform the medical system such that the government can dispatch of those who actually collect on the promises they made.
Of course, my understanding of the Middle Ages is that a serf working the land for his master had only to render a maximum of a few month’s labor to secure his own plot for himself. In today’s money, that is a far lighter tax burden than the burden we hold now. In short, we’d probably be better off as subjects to a despotic lord than “free” as we think as we are now.
We have a choice, today. We can reject the Social Security system, calling all the money we give into it a “tax” and reminding ourselves of how corrupt and evil it is. We can refuse government benefits and instead insist on building our own fortunes that will defy time and rot — our families.
Or we can pretend like communism and socialism are perfectly sound social systems, and pray our chains rest lightly on our wrists.
As for me and my house, I choose freedom and family, not slavery and government.