Social Security

Morality Requires Choice

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Welfare-state advocates like to pass moral judgments on those of us who oppose their leftist ideals of socialism, redistribution, and “economic justice.” Allegedly, we lack “compassion” and “sensitivity” and are “selfish” and “mean-spirited.” Therefore we are promoting a society without reference to basic moral principles — ... [click for more]

The Social Security Fraud

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Treasury Secretary Paul O’Neill upset some people recently simply by telling the truth. He had the temerity to say that the Social Security Trust Fund has no tangible assets. It’s empty. Such candor is not rewarded in Washington, D.C., the balderdash capital of the world. One of those who got ... [click for more]

Of, By, and For the People?

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We live by myths. For example, most of us believe we live in a representative, constitutional republic (sometimes erroneously called a democracy). Everyone learned this at school, and the belief follows most people throughout life. If things are not exactly to their liking, they fall back on the ... [click for more]

Bush’s Social Security Sham

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GOP presidential hopeful George W. Bush wants to let working people invest some of the money now taken by the Social Security payroll tax. The principle is sound. Money taken by the tax is not invested, but consumed. It pays benefits to current retirees, with anything left over ... [click for more]

The Virtue of Freedom

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Christmas is the perfect time of year to reflect on such things as freedom and virtue. People give presents to their friends and loved ones, donate food and clothing to the poor, and make contributions to their churches and other worthy causes. And they do it all voluntarily. No one forces them to do so. Do you ever wonder how ... [click for more]

Morality and Social Security

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It is widely acknowledged by people of all economic and political persuasions that something will have to be to be done about Social Security in the coming years. Some want to shore up the system through higher taxes and other reforms. Others want to convert it to a private-oriented pension system. Even President Clinton has entertained the prospect of ... [click for more]

Why Not Simply Repeal Social Security?

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As the November congressional elections approach, Social Security is certain to become a topic of political conversation. With a budget surplus in mind, Republicans are seeking an $80 billion tax cut for the American people. President Clinton is threatening a veto. He says that taxes can't be cut because ... [click for more]

Social Security Has to Go

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President Clinton has jumped on the Social Security reform bandwagon. As a believer in government-sponsored pensions, he thinks he can fix the system. He is wrong. Social Security cannot be fixed. There is only one thing to do: junk it. The financial problems with the system have ... [click for more]

Repealing, Not Reforming, Social Security, Part 2

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Part 1 | Part 2 What, then, do we do about Social Security? There are three general alternatives. The first is to tinker, while keeping Social Security essentially as it is. The second is to privatize the system by paying off current retirees and mandating private retirement contributions. The third is to simply repeal Social Security. First, tinkering with the ... [click for more]

Repealing, Not Reforming, Social Security, Part 1

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Part 1 | Part 2 Social Security may be the most important domestic issue in Washington today. Everyone in the nation's capital is for a balanced budget, or so it seems. Even if these most election-minded of politicos were serious, however, there would remain a rather serious fly in the ointment. Politicians preaching a balanced budget want us to believe ... [click for more]

The Repeal of Social Security

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Sixty years ago — on August 14, 1935 — President Franklin D. Roosevelt signed into law the Social Security Act. It was one of the major political events that transformed the United States into a welfare state. It was a law that enabled government to use the force of taxation to ... [click for more]

Electing Our Daddy

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For 125 years, the American people elected a president. During that time, the powers of the president were extremely limited. The American people did not permit the passage, for example, of income taxation, drug laws, and welfare laws. They also refused to permit a large standing military force. And they did not allow their government to engage in foreign ... [click for more]
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