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                   Social Security - 2011



What's this?  There's a lack of faith in our Social Security system?  (http://money.msn.com/retirement-plan/5-myths-about-social-security-weston.aspx?GT1=33042)  Don't worry.  By the looks of this article, it's all just "disinformation."

No worries that the Social Security system wasn't designed to be equitable in the first place and that it redistributes wealth from the poor to the wealthy.  (Workers must pay 12.4%, including a 6.2% employer contribution, on their wages below the Social Security Wage Base - $106,800 in 2010 - but no tax on income in excess of this amount. Therefore, high earners pay a lower percentage of their total income because of the income caps;  - http://en.wikipedia.org/wiki/Social_Security_(United_States - under "Criticism of the Program")   And never mind that the obscenely rich operate completely outside of this system.  Never mind the hoarding of immense sums of money which occurs in this class and the economic consequences this has on everyone else.

No worries that Social Security is not secure and that retiree benefit payments are not guaranteed. ( http://www.google.com/search?hl=en&client=safari&rls=en-us&q=+social+security+payments+guaranteed&aq=f&aqi=&aql=&oq= )  Big deal if the former Comptroller General of the United States said Medicare and Social Security were "unfunded" to the tune of 53 trillion dollars - and that was years ago (http://www.lao.ca.gov/RetireeHealth/RetSummary.aspx?id=348).  And how much is owed today?

Like the article up top says, all we need are some "radical changes" (under Myth No. 1: Social Security won't exist when I retire"),  including increasing the retirement age, increasing taxes, and reducing benefits.  Then everything will be just fine.  Watch for more "radical changes" coming down the pipeline.  I can see the headlines now:  "IMF global austeriy programs, perhaps, coming to a neighborhood near you." (http://www.americanpendulum.com/2011/06/imf-global-austerity-programs-global-governance/ ). 

How interesting that so many countries are in hock up to their ears at the same time that we are.  "EU austerity drive country by country"  -  (http://www.bbc.co.uk/news/10162176 )   Wow.  What a coincidence.  Well, I'm sure they have our best interests at heart.  They've never 

let us down before.  I guess then that we should suck it up and not be sore if we have to change our retirement plans.  Take one for the team.  Global governance is for the good of the whole, right?   We want power to consolidate there.

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(By the way, note the rationale in the article for increasing the retirement age:  "to reflect improvements in longevity."  Nice.  Naturally, what else would we want to do with those improvements?  What else might we want to do with our golden years?  How nice it would be for them to earmark that time for us with ... more work.  It's not like we might have some ideas of our own as to how to use that time.  Thank goodness there are people good enough to make such determinations for us.)



































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