The Moral Problem of Social Security

http://www.twintierfinancial.com — Mon, 09 Nov 2009 04:56:00 PST

Many older folks rely on Social Security as a major component retirement. If this money was taken away from some people, they would literally starve to death. Yet, many younger people seem to be conflicted by the issue of Social Security. On the one hand, many people under 40 are starting to believe that Social Security won't be there for them-or won't be there in its present form-when they get older and are ready to retire. But, if you ask them if it was there, would they want it...they typically say "yes". The real problem with Social Security isn't that it doesn't work (even though it really doesn't, from an actuarial standpoint), it's that it is immoral-on principle. Social security relies on taking money from one person or a group of people and giving it to another person or group of people. Even if it were based on the idea of a forced retirement, the fact remains the same: money is taken (RE: stolen) from you and either given back to you with depreciated dollars or given to someone else immediately. You wouldn't accept a common thief's proposition to steal money from you today and then promise to give it back to you 30 years from now with a nominal amount of interest under the pretense that it was done "for your own good", so why would you accept the same proposition from a Government? The real solution to the Social Security problem is to end it. Sell off Government...

A Revolution In Financial Planning

The Moral Problem of Social Security