According to a recent email bulletin from Daniel Mintz of MoveOn.org, Republicans and running-dog Democrats are gearing up to “slash” Social Security benefits.
The tone of the bulletin? Strident hysteria. How can anyone even think of such a thing in hard times like these, when “no jobs bill can pass congress”?
Well, we’ve had stimulus bills up to our nostrils, but hope of “recovery” remains just that, mere hope. Mintz, who denies that Social Security is in anything like a crisis, ignores the devastation to the system caused by its Ponzi nature, Congress’s longtime plundering of the program, and the current depression.
He wants you to sign a pledge for no cuts and no raise in the retirement age. He says it would easy to “strengthen” the program by “making the rich pay their fair share.”
Of course, the effect of raising the maximum FICA payment (their “fair share”) without correspondingly increasing benefits to those who pay extra (no one’s proposing that!) would turn Social Security into a blatant welfare redistribution program. All ties to investment? Severed.
Further, it would signal politicians that their sins can always be covered over with a tax.
Worse yet, it would soak up huge hunks of wealth from those who do the most investing and turn a pension system — ideally a huge source of capital — into one humungous capital drain.
Making us all poorer. MoveOn-to-the-poverty-line.org.
This is Common Sense. I’m Paul Jacob.