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What Should Be Done About Social Security?

A lot of people have been conditioned to believe that Social Security is necessary. However, the institution of Social Security has caused dependence on government, and is a major fraud as well. Many people believe that they contribute to some sort of account and that they are paid back when they retire. But no, the government takes the earnings away from you and from employers and puts it into the general national treasury, and Congress squanders it along with the rest of the general fund. There is no personal “account.” A young person today will probably never see any of the money that is being taken by the bureaucrats in Washington.

Prior to the Crash of 1929 and the 1930s, the American people were doing very well, by and large. The 1929 Crash and initial Depression years were greatly contributed to by the government interventions of President Herbert Hoover. After being elected President in 1932, Franklin Delano Roosevelt rammed Social Security through and his 1930s further interventions prolonged the Depression. And his new socialist/fascist Social Security scheme created a whole new mass dependence, which escalated with LBJ’s Medicare and Medicaid, which created whole new problems in the entire medical system.

In a new article, Laurence Vance says that Social Security is in dire straits, and discusses the most recent problems with it in detail. And he then writes:

What, then, should be done to prevent Social Security from going over a fiscal cliff?

From a libertarian perspective, because Social Security is an intergenerational wealth-redistribution scheme, the program should be ended, its taxes eliminated, its offices closed, its bureaucrats laid off, and its de facto national ID cards voided.

Although Social Security is also a welfare program that fosters dependency on the government, crowds out real charity, shifts responsibility from the individual to society, shifts responsibility from families to the state, and contributes to class warfare, those things are not first on the list of why Social Security should be ended.

Most important, it is neither constitutional nor the proper role of government to have a retirement, disability, insurance, or investment program; provide a safety net; help those who cannot help themselves; keep widows, orphans, the elderly, the sick, and the disabled out of poverty; or take money from those who work and give it to those who don’t.

Social Security doesn’t need to be “saved”; as the cornerstone of the welfare state, it needs to be abolished if the United States is to be transformed from a welfare state to a free society.

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