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Strategies & Market Trends : MDA - Market Direction Analysis

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To: James F. Hopkins who wrote (2980)	12/28/1998 8:37:00 PM
From: Carl R.	Read Replies (1) of 99985

I disagree. SS is a welfare system designed to look like an insurance program. People at the top are taxed much more than they would ever hope to receive from the program. If it is really an insurance program, why not give people the option to opt out of it? If it were really an insurance program, such an option would make sense. But it really is a welfare system, and as such it attempts to re-distribute income. Therefore you can't allow people to opt out because those from whom income is being redistributed would obviously choose to opt out, thus making the welfare program no longer work. Carl

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