Is this a wacked-out criticism by some anarchist or "extremist?" Well, yes . . . but that doesn't mean it isn't true.
The mainstream mindset is that government exists to solve all our problems, and that libertarians are unbelievers. Nihilists.
Michael D. Tanner reminds us that "Saying No Is Not Nihilism." He directs his remarks to Republicans, but even Libertarians sometimes forget this message.
Tanner applies this valuable thinking to Social Security and Medicare: How Entitlements Will Destroy Us.
"Destroy" is not too strong a word.
Please read those two articles.
Bernie Madoff told thousands of clients that their "investments" had earned them almost $65 billion. His promises were just lies. His clients lost an estimated $18 billion that they had contributed to Madoff's scheme, and did not have returned. The money was paid out to previous "investors."
As Tanner points out in those very important articles above, the government's Social Security system has told its clients that their "investments" will pay them nearly $16 trillion. These promises are lies. I don't have the numbers on the amount the more recent investors have put into this scheme, but their money will not be returned. Their money has been paid out to previous "contributors." Every dime you have "contributed" to Social Security is gone.
There is nothing there for you.
Of course, in any ponzi scheme, the first few "investors" -- those at the top of the pyramid -- really do receive more than they pay in. It's the masses at the bottom of the pyramid -- a much larger number -- that lose everything. They lose what they "contributed" and they lose what they were promised, and whatever "security" they were depending on.
Are you depending on the federal government for security?
Bernie Madoff is evil.
Social Security is evil.
For exactly the same reasons.
Except Social Security is even more evil.
The Federal Government is more evil than Bernie Madoff.
Bernie Madoff couldn't even pretend to keep his promises.
The Federal Government can pretend.
Bernie Madoff couldn't create the money he promised his investors.
The Federal Government can.
On our Social Security page, we quote an exchange from Congressional Hearings on Social Security between a respected Senator and the Social Security Commissioner. The Senator says that the voters in his state have been promised returns on their "investments." The Senator doesn't want to break his promise, like Bernie Madoff did, but the Social Security system is bankrupt. So the Senator proposes creating money out of thin air to pay Social Security beneficiaries.
The Senator wants to "keep his promises" to the elderly. He promised 15 trillion of these things called "dollars" to the elderly, and he wants the elderly to have 15 trillion of these "dollars."
Inflating the money supply, however, will destroy the purchasing power of the dollar. The Senator knows this. He brazenly admits:
It may not be worth anything when the recipient gets it, but he is going to get his benefits paid."We have the capacity under the Constitution" (he wrongfully claims),
the Congress does, to coin money, as well as to regulate the value thereof. And therefore we have the power to provide that money. And we are going to do it.The Social Security Commissioner responds:
I tend to agree.This is a deliberate conspiracy to destroy the dollar, is it not? A conspiracy is two people agreeing to do something evil. Printing dollars until dollars are worthless is evil, is it not?
It is not just the elderly that are going to have "dollars" that "may not be worth anything." ("May not?") Everybody's dollar will be worthless after 15 trillion of them are printed up so that politicians can "keep" their promises.
The Senator cannot be unaware of the fact that after the German hyperinflation of 1922-23, Adolf Hitler was the result.
But at least the Senator will have kept his promise to provide the elderly with 15 trillion objects called "dollars."
Bernie Madoff destroyed his clients, but at least he didn't destroy America.
This is why Social Security is evil.
This is why the Federal Government is more evil than Bernie Madoff.
Are you willing to destroy America in order to get your benefits? Or will you surrender your "right" to "entitlements" and vote for a candidate who promises to abolish all evil government ponzi schemes, and every program for the compulsory redistribution of wealth?