SOCIAL SECURITY: INSURANCE?
Matthew Yglesias, standing in for Josh Marshall at Talking Points Memo this week, tries to prove that Social Security is in fact an "Insurance" program by picking apart an excellent article at reasononline by Julian Sanchez: "Social Security's Progressive Paradox - Retirement "insurance" as a Rube Goldberg machine."
The problem with referring to Social Security as Insurance is that you are using a business, free market term to try to describe what is obviously a simple transfer of wealth from the young to the old, disabled and family survivors, created and controlled by government! Insurance is a misnomer! IT IS SIMPLY WELFARE!
That is part of the great SCAM the government propogates to acquire extra billions of dollars each year into their coffers without having to ask us for increased taxes ($145 billion in 2004!). It is a hidden gold mine for our representatives and the bureacracy. And Matthew (not to speak of Josh) cannot see this because of their partisanship.
A sad commentary on very intelligient bloggers on the left.
The problem with referring to Social Security as Insurance is that you are using a business, free market term to try to describe what is obviously a simple transfer of wealth from the young to the old, disabled and family survivors, created and controlled by government! Insurance is a misnomer! IT IS SIMPLY WELFARE!
That is part of the great SCAM the government propogates to acquire extra billions of dollars each year into their coffers without having to ask us for increased taxes ($145 billion in 2004!). It is a hidden gold mine for our representatives and the bureacracy. And Matthew (not to speak of Josh) cannot see this because of their partisanship.
A sad commentary on very intelligient bloggers on the left.
posted by Jim | 12:44 PM
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