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If we abolished the Federal Reserve and repealed the 16th Amendment, we'd stop the government from being able to loot the money from future generations and spend it like crazy and we'd also ruin their ability to fund all of the unconstitutional operations that the government has taken on. This would be a HUGE plus.
However, it would, I believe, also wipe out all of the "savings" in Social Security, would end Medicare immediately, and would also end Medicaid. Also, federal, and likely state and local, pensions would also be wiped out. Tens of millions of people in retirement would no longer have Social Security to rely on and ditto for those legitimately on disability relying on Medicaid or SSD. Loads of seniors would be in trouble without Medicare. And all public workers who counted on their pensions to keep them afloat after retirement would suddenly see them all wiped out. That would be a BIG negative. Also, I believe, in the short term, inflation would go up as well, meaning prices would go up, so those already hit by the end of Social Security, etc, would also be hit by big price increases. Another BIG negative.
Still, I think, overall, the positives outweigh the negatives.
If we abolished the Federal Reserve and repealed the 16th Amendment, we'd stop the government from being able to loot the money from future generations and spend it like crazy and we'd also ruin their ability to fund all of the unconstitutional operations that the government has taken on. This would be a HUGE plus.
However, it would, I believe, also wipe out all of the "savings" in Social Security, would end Medicare immediately, and would also end Medicaid. Also, federal, and likely state and local, pensions would also be wiped out. Tens of millions of people in retirement would no longer have Social Security to rely on and ditto for those legitimately on disability relying on Medicaid or SSD. Loads of seniors would be in trouble without Medicare. And all public workers who counted on their pensions to keep them afloat after retirement would suddenly see them all wiped out. That would be a BIG negative. Also, I believe, in the short term, inflation would go up as well, meaning prices would go up, so those already hit by the end of Social Security, etc, would also be hit by big price increases. Another BIG negative.
Still, I think, overall, the positives outweigh the negatives.
The positives outweigh the negatives of tens of millions of people losing their social security and medicare? It is almost as if you are saying let the retired die to save the future generations.
The positives outweigh the negatives of tens of millions of people losing their social security and medicare? It is almost as if you are saying let the retired die to save the future generations.
No that's just something you made up because you don't have the knowledge to discuss the issue.
If there were positives you would have listed them.
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