"Social Security - the Way Out"
Chapter 1: "The Constitutional History of Social Security"
review the constitutionality of the social security system. In doing
this research, we have discovered that social security is indeed
unconstitutional, in that appropriating money for employee retirement
benefits is a local function reserved to the states by the Tenth
Amendment. In this volume, we expose the trickery and deceptions
used by the Supreme Court to uphold the Act.
Chapter 2: "The Economics of Social Security"
We examine the
economics behind the system and show that its run as a pyramid
scheme that would be illegal if run by a private insurance company,
that theres no true reserve fund, that employees are taxed
multiple times for their benefits, that the survival of the system
is hinged on a large ratio between current workers and retirees,
that the ratio was 45-1 after World War II but has fallen to 3-1,
that the system will go bankrupt in a few years as the ratio drops
2-1, and due to various other economic problems. If this volume
had to be boiled down to one sentence, it would be the following
: Government programs dont work because theyre not accountable.
(We didnt write this volume with this intention. The facts
inescapably led to this conclusion.)
Chapter 3: "Social Security Compared with Private Markets"
comparisons used here show that if the same money that a worker
pays in Social Security taxes was applied to the most conservative
of investments, such as a bank account or retirement annuity, the
return would be many times what social security pays and would leave
a large principal which the worker could pass on to his heirs. This
is true not only for the rich, but for the middle-class and poor
workers as well. Actually, the poor pay more for their benefits
than do the wealthy, and blacks pay more than whites.
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