Re: Social Contract
On Friday 28 April 2006 17:42, Steve Lamb wrote:
>Gene Heskett wrote:
>> Are you saying that the social security I get every month is somehow
>> free?
>
> To you? Sure is. Social Security is the only legal ponzi scam
> allowed in the US. Your Social Security payments are paid by present
> day workers. Your withholdings were spent as you earned them. The
> idea was that since the population was expanding we could take from
> the current generation and give to the previous out to infinity.
> However, the population growth has tapered off, longevity through
> medical advances kicked in and now instead of dozens of people per
> recipient we're not closing in on a 1:1 ratio.
>
>> Thats not exactly how I see it. That money was withheld from my
>> wages, largely against my better judgement, over a period exceeding
>> 50 years by the time I quit showing up everyday for work in favor of
>> a weekly visit to the transmitter and basicly an on-call basis since
>> mid 2002. Had I been able to invest that money in a simple
>> compounding interest savings account, it would be worth much for
>> than a million dollars by now, and I could live quite nicely on the
>> interest alone.
>
> How you see it is the typical way and is factually inaccurate. No
> amount of how you see its are going to replace the money you
> contributed which has already been spent. So the fact of the matter
> is, yes, you're getting something for free.
>
> But shockingly enough I wasn't even talking about social security.
> I was talking about Earned Income Credits (EIC). The short, short
> form is that EICs are issued for people being irresponsible (like,
> having kids while well below the poverty level), who pay no taxes
> (see the point about poverty level) and will get money "back" from
> the federal government because of EIC. They paid nothing in, they
> get money out. They got money... for free. That is but one example.
>
>> Now, what was it you were saying?
>
> Something completely different? But hey, you want to go on your
> selfish trip be my guest. Question is come time who are you gonna
> hunt? Because I don't like that ponzi scheme any more than you do
> and it is *my* income *you* are garnishing. So let's see if your aim
> is true. You going after the politicians or the people like me who
> have a right to defend their property just as much as you do?
The pols of course. They are the ones who set this ponzi scheme, one
that would jail you or I for an extended period if we were caught doing
it.
By taking my money against my will for 50+ years, they have made an
implicit contract to replace that taken money as I need it in later
years. And this is now those later years.
And I don't frankly care whether they invested it and are now doleing
out the interest, or used it to make my grandfather comfortable had he
lived long enough to claim some benefits, which he didn't by more than
2 years, cancer, and are now paying me out of what you are just as
unwillingly contributing. The accounting is of course totally
different, and I think it can be readily proven that in times past, the
SS fund revolving door has resulted in a net loss to the SS accounts in
total.
But thats not my problem as I see it, its theirs (the pols) to figure
out how to fund the monthly auto deposit I now get in my dotage. You
might think I'm a freeloader, and you have a 1st amendment right to
that opinion.
My opinion is that I had no choice but to contribute into that fund at
ever increasing amounts as my income rose with the level of expertise I
gained and the experience warranted. Now I want to get some of it
back, theoreticly with interest considering that a weeks wages when I
started this game is about an hours wages today. My odds of 'beating
the system' aren't great though, I'm already 5 years older than either
my grandfather or my mother were when they died of cancer. Now I'm
slowly going diabetic, so my odds of *not* having a heart or other
circulatory problem aren't that great. In the meantime I think I have
a right, based on all those years of contributing to this ponzi scheme,
to not have to make a choice of groceries or medicine, groceries or
property taxes, groceries or electricity, water, sewer, telephone yadda
yadda...
--
Cheers, Gene
People having trouble with vz bouncing email to me should add the word
'online' between the 'verizon', and the dot which bypasses vz's
stupid bounce rules. I do use spamassassin too. :-)
Yahoo.com and AOL/TW attorneys please note, additions to the above
message by Gene Heskett are:
Copyright 2006 by Maurice Eugene Heskett, all rights reserved.
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