I don't object to paying taxes, but Social Security is passed off as something that will go to a retirement fund that you then collect from later, and that's completely untrue. It is supported by new "investors", much the same way Bernie Madoff 's investment firm ran things.
This gave me a chuckle. You're not too far from the truth, although an understanding of the time value of money is required to "grok" the full effect of the Social Security plan, and why, despite outward appearances, it is not a ponzi scheme. Have you, by any chance, taken some upper-level accounting / economics classes where time-value of money is discussed? I would not recommend said coursework to anyone who doesn't really like mathematics, and advanced math at that. Both of my parents have PhD in mathematics-related fields, so I suspect I'm genetically predisposed to understand the stuff. And even with this "evolutionary advantage," shall we say, I still struggle with actuarial tables and similar topics. So your observation is amusing, and appreciated, though not 100% accurate.
JimJimmers said:
I have just seen no evidence that our benevolent government started the program out of kindness.
I doubt it was.
Keynesian economics is not based on kindness at all. It is based on the theory that it is what is most beneficial to the greatest number of people.
A very simplified example:
You know the expression, "give a man a fish, he eats for a day; teach a man to fish, he never goes hungry"?
Okay, let's take a micro-micro-micro-micro economic example of an economy with two people. One "have" and one "have-not."
The "have-not" comes to the "have" and says, "I'm hungry, I have nothing to eat."
Well, the "have" can allow the "have-not" to die of starvation, or he can give the "have-not" a fish, which costs 5 gimlets, or he can teach the "have-not" how to fish, which will cost him 50 gimlets.
If the "have" allows the "have-not" to die, he has lost half his population. That is not in his best interest.
If he gives the "have-not" a fish, the next day the "have-not" comes back, needing more fish.
If he teaches the "have-not" how to fish, sure, it's a big investment up front, but he never has to worry about that whiner again.
A government's decision to provide social programs like state pensions, public education, single-payer health care, and all sorts of other programs you see, are not necessarily out of benevolence on the part of the government. They are based on cool, calculated, economic decisions: A government will spend less, in general, if it educates its public to a minimum level, than if it does not provide some free education, so that only those who can afford education will receive it. An uneducated lower-class will be less productive, will bring in higher rates of crime (thus requiring more security, which costs money), and will end up costing the upper-classes more in loss of capital and productivity than it would have cost them just to send the dirty urchins to school. <sarcasm off>
Now, I'm sure many politicians -- on both sides of the aisle -- do genuinely feel compassion for the people they govern, and at least most of them, I hope and pray, base their decisions not solely on economic welfare but on concern for their fellow human being. My point is, even if a politician were a complete scrooge, economically, social security and other "socialist" programs do tend to cost less than their "trickle-down" alternatives.
Just sayin.