Social Security is the very definition of socialism. It takes from one group of people to give to another entirely different set of people. In this case, it takes from future generations to give to the currently retired. It has the facade of being a paid for system, but as anyone who simply reads the government financials on SS knows, SS outflows exceed inflows and will continue to accelerate in that direction as 10,000 more people retire every day. SS is not just socialism, it is a ponzi scheme, the very definition of it.
You are right about Germany. Europe in general is very socialistic. I hope we don't got their route. Look what a mess they are? We've been more successful, because we've fought against our socialist crowds. We're losing that battle now, by a big margin, and I can guarantee you there will be consequences to the trend, including much lower growth rates, higher unemployment rates, persistent large deficits and money printing, and a whole host of other 2nd order consequences.
Socialism = bad for economic growth in the long run
Capitalism = good for economic growth in the long run
It really is that simple. |
