That’s just what it does with Social Security. Since 1962, the Social Security taxation has generated the over-abundance each year totalling $4.395 tillion. Despite the actuality which payments to those sketch Social Security were distant reduction than revenues received, the Social Security taxation has never been lowered. It has usually been raised.
This distinction has not been saved nor invested for destiny reciprients. It has been spent. The sovereign supervision is obviously regulating the Social Security complement as the distinction creation organization.
Is this how you wish the early retirement supports handled? Or, do you need to have a little critical changes?
How to Invest Money to Make Maximum Profits
{ 7 comments }
If the government were to operate any “for profit” business, the story would turn out like the modern version of “Theh Ant and the Grasshopper”
THE ORIGINAL VERSION
The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter. The grasshopper thinks he’s a fool and laughs and dances and plays the summer away. Come winter, the ant is warm and well fed. The grasshopper has no food or shelter so he dies out in the cold.
MODERN CANADIAN VERSION
The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter. The grasshopper thinks he’s a fool and laughs and dances and plays the summer away. Come the winter, the shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and well fed while others are cold and starving.
The CBC shows up to provide pictures of the shivering grasshopper next to the ant in his comfortable home with a table filled with food. Canadians are stunned by the sharp contrast. How can it be that, in a country of such wealth, this poor grasshopper is allowed to suffer so?
Then a representative of the NAGB (The national association of green bugs) shows up on The National and charges the ant with green bias, and makes the case that the grasshopper is the victim of 30 million years of greenism. Kermit the Frog appears on the Nature of Things with the grasshopper, and everybody cries when he sings “It’s not easy being green.
“Jean Chretien makes a special guest appearance on the CBC Evening News to tell a concerned public that they will do everything they can for the grasshopper who has been denied the prosperity he deserves by those who benefited unfairly during the Reagan/Thatcher summers. Sheila Copps exclaims in an interview with Peter Mansbridge that the ant has gotten rich off the back of the grasshopper, and calls for an immediate tax hike on the ant to make him pay his “fair share.”
Finally, the Liberals draft the “Economic Equity and Anti-Greenism Act,” retroactive to the beginning of the summer. The ant is fined for failing to hire a proportionate number of green bugs and, having nothing left to pay his retroactive taxes, his home is confiscated by the government. John Turner gets his law firm to represent the grasshopper in a defamation suit against the ant, and the case is tried before a panel of federal hearing officers that Chretien appointed from a list of single-parent welfare moms who can only hear cases on Thursday’s between 1:30 and 3 PM.
The ant loses the case.
The story ends as we see the grasshopper finishing up the last bits of the ant’s food while the government house he’s in, which just happens to be the ant’s old house, crumbles around him since he doesn’t know how to maintain it.
The ant has disappeared in the snow.
And on the TV, which the grasshopper bought by selling most of the ant’s food, they are showing Jean Chretien standing before a wildly applauding group of liberals announcing that a new era of “fairness” has dawned in Canada.
I think Social security needs to be removed from the general fund (Where Carter put it to balance the budget) and put back into it’s own house.
That was then, this is now…the bill is due and the money will not last.
Welcome to the great debate that has lasted what the last 5 elections. I have to assume you are pretty young and not going to be receiving ss in the next say 10-15 years meaning you don’t have to worry because there won’t be any for you. Do I feel they should run something like this for profit, yes I do because it was designed to build a surplus in which borrowing could take place, not stealing like it has been for the last 20 years but borrowing.
Well I am glad I started my retirement savings a few years ago up to about 20k.
Government run ‘for profit’ businesses are kind of an oxymoron, aren’t they? Hence their need to spend the profits…as they really don’t know how to deal with a successful build up of cash.
The excessive profits should, of course, be invested properly for the future generations who will require Social Security payments to assist their living expenses as they retire and age. This should be a major issue to the voting public…and they should be demanding answers and explanations. But sadly, there is no sex appeal in this issue…so it gets buried.
CONGRESS is a for profit monopoly. they take our money, put it to use for their benefit and we have no one else we can go to for service.
If a company tried to do what Congress did, it would be ran out of business.
So I have to ask, why do Americans let congress continue to run an illegal business?
Comments on this entry are closed.