Comments on: Yardsticks http://isaacschlueter.com/2004/11/yardsticks/ Just slightly more than my twitter stream. Fri, 20 Nov 2015 19:13:19 +0000 http://wordpress.org/?v=2.5.1 By: Tracy http://isaacschlueter.com/2004/11/yardsticks/#comment-168 Tracy Tue, 30 Nov 1999 00:00:00 +0000 #comment-168 Comment to your medicare hatred... True, if everyone were on medicare, we'd have a shitload of problems, but the same could be said for having to live on SSI. I pity the poor old folks who are damned to living on 600 dollars a month, and to top it all off, every other month medicare won't cover there prescriptions! :-( Comment to your medicare hatred… True, if everyone were on medicare, we’d have a shitload of problems, but the same could be said for having to live on SSI. I pity the poor old folks who are damned to living on 600 dollars a month, and to top it all off, every other month medicare won’t cover there prescriptions! :-(

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By: Isaac Schlueter http://isaacschlueter.com/2004/11/yardsticks/#comment-169 Isaac Schlueter Tue, 30 Nov 1999 00:00:00 +0000 #comment-169 Just to make something clear, I'm not saying that it'd be a good idea to pull the rug out from under the people relying on <acronym title="Social Security">SS</acronym> and Medica(re|id). To do so would be defaulting on a contract - invalid as the contract might have been (since the gov't entered into it with "play money" from the start), it wouldn't be fair. At the same time, I'm passionately opposed to taking money from Frank to pay for Joe - stealing is never right. These programs can be safely phased out. Most of the people relying on socialist programs <em>would have</em> made other plans their entire lives if they hadn't been told that they'd be taken care of in their old age. And, sure enough, as you so aptly point out, the promises often turn out to be empty anyhow. So, stop telling people that they're going to be taken care of. If we cancelled Medicare/SS benefits (and Medicare/SS taxes!) for everyone born after 1990, and provide everyone born after 1975 the ability to opt out (stop paying for it, and give up their future benefits,) then we could cut the costs dramatically for a huge chunk of the workforce, and put an aweful lot of money back into the hands of the people working for it. Those people could invest in private options (mutual funds, retirement plans, 401k, etc.) which are <em>not</em> pyramid schemes. Those who had been paying for (and relying upon) SS for the majority of their working lives would still be able to get the benefits promised to them. The last thing we should do is expand the reach of these programs. Just to make something clear, I’m not saying that it’d be a good idea to pull the rug out from under the people relying on SS and Medica(re|id). To do so would be defaulting on a contract - invalid as the contract might have been (since the gov’t entered into it with “play money” from the start), it wouldn’t be fair. At the same time, I’m passionately opposed to taking money from Frank to pay for Joe - stealing is never right.

These programs can be safely phased out. Most of the people relying on socialist programs would have made other plans their entire lives if they hadn’t been told that they’d be taken care of in their old age. And, sure enough, as you so aptly point out, the promises often turn out to be empty anyhow. So, stop telling people that they’re going to be taken care of. If we cancelled Medicare/SS benefits (and Medicare/SS taxes!) for everyone born after 1990, and provide everyone born after 1975 the ability to opt out (stop paying for it, and give up their future benefits,) then we could cut the costs dramatically for a huge chunk of the workforce, and put an aweful lot of money back into the hands of the people working for it. Those people could invest in private options (mutual funds, retirement plans, 401k, etc.) which are not pyramid schemes. Those who had been paying for (and relying upon) SS for the majority of their working lives would still be able to get the benefits promised to them.

The last thing we should do is expand the reach of these programs.

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