Remember when socialism was a dirty word?

[dennishoddy]

If the government contributed a dime, you know where they got it. So I am not too concerned if they didn't kick into the kitty.

I question the assertion you are getting back only what you put in. If you apply interest at T-bill rates, which is what you earn on a government backed "risk free" investment, there is a good chance you will receive more than you contributed, if you can make it past 78 years of age or so. Most estimations show that even with market returns, you will receive more than you kicked in, if you can make it to around 78 years.

Some not-quite-neutral reading: Beat SS Returns

So can a Ponzie scheme be considered a socialist enterprise?

There is no doubt its a type of Ponzi scheme once the government declined to contribute their part and stole from the system more than once.

The chickens are coming home to roost.

Neither party will allow SS to fail. It will go on with government money.

THAT is socialism.

 

[YukonGlocker]

...Neither party will allow SS to fail. It will go on with government money.

THAT is socialism.

And what difference does it make if that money comes from an "income" tax, or a "SS" tax? The collection, process, and end results are entirely the same.

 

[dennishoddy]

And what difference does it make if that money comes from an "income" tax, or a "SS" tax? The collection, process, and end results are entirely the same.

The difference is that a human put the money into the program, not the government. Its looked at as a tax, but its actually a donation to a Ponzi system. Its projected to be insolvent by 2033. Nobody in the SS system will loose their benefits in 2033 because it will be political suicide.

 

[YukonGlocker]

The difference is that a human put the money into the program, not the government. SS is not a tax.

A human will have to put the money into the system either way. It doesn't matter what you label that money. It's the same thing.

 

[dennishoddy]

A human will have to put the money into the system either way. It doesn't matter what you label that money. It's the same thing.

If your in government employment or self employed, you don't contribute to the system.

 

[YukonGlocker]

If your in government employment or self employed, you don't contribute to the system.

This has no bearing on whether or not the policy is socialist...socialist policies don't require contribution from every citizen. Therefore, I don't know what you're trying to say.

 

[mr ed]

If your in government employment or self employed, you don't contribute to the system.

????? I'm self employed and have to pay 15% to SS

 

[Norinoo]

So you're suggesting anarchy is the way to go?

Did those folk in 1 Samuel 8 live in anarchy?

I say we already live in anarchy under our current system where men dictate under the guise of law.

 

[Rooster1971]

If your in government employment or self employed, you don't contribute to the system.

What? I pay 15%. If I worked for someone, I'd kick in 7.5% and my employer kicks in 7.5%. I wish I could invest the 15% elsewhere, but that's not how it works.

 

[Norinoo]

What? I pay 15%. If I worked for someone, I'd kick in 7.5% and my employer kicks in 7.5%. I wish I could invest the 15% elsewhere, but that's not how it works.

Actually it is the customer who pays. End consumer always pays. Fact.