Uncivil Rights

A BLOG rife with wit, sarcasm, and the endless joy which comes from taunting the socialistic and unpatriotic liberal left. Logical thoughts and musings ONLY need reply...unless you're really, really funny. You have the Uncivil Right to be an IDIOT. "Give me LIBERTY, or give me DEATH!"

Friday, January 14, 2005

Common Sense on Social Security

Why are the liberals so intent on keeping a system that will fail? Is it strictly for political purposes? It must be. I can think of no other reason. Their biggest argument is that it's a "fall-back" plan. They believe the average worker is too stupid to save for his/her future, so it must be up to the government.

I have no problem helping those that cannot help themselves, but able-bodied people should be able to make their own decisions without governement intervention. The biggest problem is, if social security is eliminated, so is the power and control Democrats have over the elderly and the paranoid.

Here is a simple, common sense look at why we should get rid of Social Security.

Some excerpts:

"First, the current Social Security system is what is known as a "pay-as-you-go" system. It is not a savings or investment system, but a simple transfer from workers to retirees. The payroll taxes from each generation of workers are not saved or invested for that generation's retirement, but are used to pay benefits for those already retired. The current generation of workers must then hope that when their retirement comes, the next generation of workers will pay the taxes to support their benefits, and so on."

"The original Social Security tax was just 2 percent on the first $3,000 that a worker earned, a maximum tax of $60 per year. By 1960, payroll taxes had risen to 6 percent. Today's workers pay a payroll tax of 12.4 percent."

"The Social Security payroll tax is already 12.4 percent of wages, or one eighth of a worker's total annual wages. It is the biggest tax the average household must pay. Roughly 80 percent of American families pay more in Social Security taxes than they do in federal income taxes."

"The only way out of this problem is to change Social Security from a pay-as-you-go model to a system based on savings and investment. That is why President Bush wants to allow younger workers to begin saving some of their Social Security taxes. Those who disagree have an obligation to tell the rest of us how they would deal with the grim demographic reality."

This post is for those that believe in themselves, in their freedom of choice, and in their freedom from government intervention.
totalkaosdave, 5:55 AM