49% of Americans are fed up with the government run Ponzi scheme known as Social Security and say that they should be able to opt out of the system - a recent Rasmussen Report poll shows.
Suckering Citizens In
I am one of those 49% and actually am quite surprised that the number is so low. That shows the convincing power lies have on people when they think they'll get free money from other people. The fact of the matter is that Social Security is dead. It is running it's last course. While it's mission of providing for the elderly in their retirement has a good ring to it, it has been implemented in a way that is not sustainable.
The 49% who said workers should be able to opt out have stated that they should be allowed to enter their own private retirement plan instead. While we all know that there are those in this country who will not provide for their own retirement, as a society is that really everyone's problem?
The general description of a Ponzi scheme is:
A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. ... The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors in order to keep the scheme going.
The system is destined to collapse because the earnings, if any, are less than the payments. Usually, the scheme is interrupted by legal authorities before it collapses because a Ponzi scheme is suspected
It is quite telling that usually Ponzi schemes are detected and ended by legal authorities, yet our Ponzi scheme of Social Security has been going on for decades uninterrupted. When it collapses, we all will pay.
This country was not founded on the principle of everyone financially looking out for the other guy. Yes, that sounds harsh, but this country was founded on individuals having a chance to make something of themselves and they simply cannot do so with the continued burden of steep taxes and social programs being ripped from their paychecks in the form of FICA.
Anyone who trusts that the government is taking that money and saving it for you, has been ill informed. That money goes into their coffers and then out to another person. It is the classic Ponzi scheme of taking from one "investor" in order to pay for promises you made earlier to a previous "investor".
In other words our current government is Bernie Madoff on steroids.
And before you think the Social Security Act was just the retirement portion you hear about, think again.
As can be seen below your FICA taxes go to pay for the disabled, survivors, unemployment compensation, other health and welfare programs and aid to dependent children.
It would be bad enough if it was just forced retirement with little to no interest, but as you can see your "retirement contributions" have been siphoned off into social program after social program, with no end in sight and without your retirement concerns really at the forefront.
Social Security Administration
Q4: Is it true that Social Security was originally just a retirement program?
A: Yes. Under the 1935 law, what we now think of as Social Security only paid retirement benefits to the primary worker. A 1939 change in the law added survivors benefits and benefits for the retiree's spouse and children. In 1956 disability benefits were added.
Keep in mind, however, that the Social Security Act itself was much broader than just the program which today we commonly describe as "Social Security." The original 1935 law contained the first national unemployment compensation program, aid to the states for various health and welfare programs, and the Aid to Dependent Children program. (Full text of the 1935 law.)
Just more ways to get more of your dollars to spend on politicians pet projects and vote buying of the low wage worker who thinks these people care about them.
Even more shameful is that the poll didn't show more than 90% of Americans say you should have the right to opt out. Is this a country of freedom or not?
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