Would we have been better off if Social Security had never started? (solution, economy)
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Social Security is a bit like the health-care issue: Republicans claim it's broken, but they never have an idea about how to fix it. During George W. Bush's administration, the health-care crisis grew out of all proportion but in 8 years he never had an idea of how to improve matters. He and the Congress personally had EXCELLENT health-care coverage for themselves and their families of course, so - to quote the Brits - "I'm alright, Jack...!" Aren't the President and the Congress elected to look out for other people's benefit, particularly people who do not have the means to pay for lobbyists?
What is it the teacher always says? Constructive criticism only please!
Raise the retirement age, raise the income maximum ammount for taxation, crack down ruthlessly on Social Security fraud, especially SSDI fraud. Stop congress from stealing from it. There, fixed.
In Helvering v. Davis and Flemming v. Nestor, the U.S. Supreme Court ruled that Social Security taxes are simply taxes and convey no property or contractual rights to Social Security benefits. And that benefits are entirely at the discretion of Congress.
There is no “Trust Fund”. There is no “right” to benefits. You didn’t “pay into” Social Security. You volunteered to pay a tax and you surrendered your endowment from your Creator, in exchange for charity from the public treasury. You no longer absolutely own - yourself, your labor or that which you acquired.
Since 1935, the U.S.A. has been a socialist nation, under the fraud of “voluntary” participation that was portrayed as mandatory.
Oh, and enumerated participants are collateral on the public debt.
CONTRIBUTION - ... The share of a loss payable by an insurer when contracts with
two or more insurers cover the same loss... The sharing of loss or payment among
several...
--- Black's Law Dictionary, Sixth Ed., p. 328
In short, YES, America would be far better off without the fraud of the "Tax and Bribe" scam of Social Security / Federal Insurance CONTRIBUTION Act. There would not be a self-interest bloc that opposes any reform or reduction in "entitlements". Recipients wouldn't outvote donors. And politicians wouldn't be rewarded for sending America "over the cliff" into collapse.
P.S. -
No dollars have circulated since 1933. Dollar bills (Federal Reserve notes) are repudiated debt instruments, and have no par value.
Legal Tender Status
" Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves..."
but in Germany there is a progressive tax from 0 - 45% - this is presumably as well as VAT.
so, I can't really see how income tax can be avoided.
We don't have the cradle to grave welfare state in the US that they have to pay for in Germany.
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