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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (184410)3/10/2004 12:57:14 PM
From: Amy J  Read Replies (2) of 1572621
 
Tenchusatsu, RE: "Why was Social Security implemented in the first place?"

Great Depression. People not able to get enough food. You've probably seen the photos of the skinny people in the food lines. Back then, fat people were considered more attractive than slender people because their extra weight implied they were doing well (prosperous).

RE: "Why is it the only source of income for millions of American seniors?"

I'm beginning to think the concept of forced savings is a good idea, similar to taxes but rather than entrusting the money with the govt, it goes into your bank or brokerage account similar to IRAs.

There are millions of disabled people in the USA. Every day there are 200/day new disabled people in santa clara county alone. I think it's economically more appropriate to spread out the cost of a disability to the general population rather than disproportionately placing it onto the backs of one family unit.

RE:"Is Social Security still a charitable institution? Why or why not?"

Before I was born, the religious folks would use charities as a way to control people. Poor people could only get assistance if they allowed their belief system to be controlled by the charity. They wouldn't give access to birth control, even if the person's doctor felt it was necessary to protect the life of a mother. It was pretty disgusting.

There will be 75M more boomers retiring over the next 20 years or so. (I think I got this figure from SJMN, or maybe CNN).

Here's another answer to Social Security's problem:

Why not immigrate 75M more workers to the USA over the next 20 years or so, in order to make up for the retires? That's about 3.75M more workers/year, and creates more customers too. That's one way to grow the GDP as well as well as pay the tax receipts to pay SS. Some people have said they think is the underlying reason why Bush cut a deal with Fox in Mexico to allow more immigrants into this country. My only gripe is, they need to allow more of the PhD immigrants into the country.

Regards,
Amy J
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