Free To Choose
A Ponzi or Pyramid Scheme is
committed by one or more criminals and victims were free to choose to
participate. Once the criminal is caught, the criminal will be indicted and
sentenced to jail terms.
No Choice
Social Security is a big government
run scheme that coerces every worker to pay taxes for a promise that he or she
will receive some arbitrary benefits in retirement. Thus, big government
discourages responsible workers to set aside part of their earnings for retirement
as they see fit. Social Security should never be applied to the whole
population as a one size fits all big government solution.
Greed Of Big Government
From about 1987 until today
the Social Security Trust Fund has generated considerable surpluses year after
year (officially referred to as Net Asset Increase), which the US Congress has
appropriated to pay for their pet projects. The proper thing to do for the US
Congress was to lower the FICA taxes or refund workers. To skim these profits was
too much temptation for each Administration and US Congress since 1987.
|
Year
|
Workers With Taxable Earnings
|
Net Asset Increase
|
Net Asset Increase Per Worker
|
|
2011
|
157,736,000
|
$ 95,031,000,000
|
$ 602
|
|
2005
|
158,511,000
|
$ 162,415,000,000
|
$ 1,025
|
|
2000
|
154,732,000
|
$ 132,174,000,000
|
$ 854
|
|
1995
|
141,000,000
|
$ 45,041,000,000
|
$ 319
|
|
1990
|
133,600,000
|
$ 59,134,000,000
|
$ 443
|
|
1987
|
125,600,000
|
$ 23,068,000,000
|
$ 184
|
|
1985
|
119,800,000
|
$ 8,725,000,000
|
$ 73
|
|
1980
|
113,000,000
|
$ (2,001,000,000)
|
$ (18)
|
|
1970
|
93,090,000
|
$ 2,371,000,000
|
$ 25
|
|
1960
|
72,530,000
|
$ 184,000,000
|
$ 3
|
|
1950
|
48,280,000
|
$ 1,905,000,000
|
$ 39
|
|
1940
|
35,390,000
|
$ 306,000,000
|
$ 9
|
No comments:
Post a Comment