Sunday, December 26, 2004

Social Security - a pyramid scheme if ever there was one

reasonablenut has a post on Social Security that reflects my thinking - get rid of it.

Every one is always going on at how "successful" this program is. It is the largest inter-generational transfer of wealth and on average is a regressive transfer - poor people giving money to rich(er) people.

The left will tell you that some percentage of older Americans would live in poverty if not for SS. The fact is many of them would work, or they would live in extended family situations - they way humans have lived for millennia. (The "nuclear family" is after all, a product of the "nuclear age.")

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