Wednesday, January 19, 2005

Chuck Social Security Altogether

This article was put out by Alex Epstien on CNS News:

Under Social Security, whether an individual gets twice as much from others as was taken from him, or half as much, or nothing at all, is entirely at the discretion of politicians. He cannot count on Social Security for anything--except a massive drain on his income. If Social Security did not exist -- if the individual were free to use that 12% of his income as he chose -- his ability to better his future would be incomparably greater. He could save for his retirement with a diversified, long-term, productive investment in stocks or bonds.

The rational and responsible are shackled and throttled for the sake of the irrational and irresponsible.Those who wish to devote their wealth to saving the irresponsible from the consequences of their own actions should be free to do so through privatecharity, but to loot the savings of untold millions of innocent, responsible, hard-working young people in the name of such a goal is a monstrous injustice.Social Security in any form is morally irredeemable. We should be debating, not how to save Social Security, but how to end it -- how to phase it out so as to best protect both the rights of those who have paid into it, and those who are forced to pay for it today.

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